In 2025, President Donald Trump reintroduced a sweeping tariff policy as a central element of his economic agenda. Framed as a “universal baseline tariff,” the new measures impose a 10% duty on all imports and introduce even higher reciprocal tariffs on countries with large trade surpluses with the United States. These policies mark a continuation and an escalation of Trump’s earlier protectionist approach during his first term.

Geostat has published its preliminary estimate of real GDP growth for February 2025, which stands at 7.7%.

Geostat has published its preliminary estimate of real GDP growth for January 2025, which stands at 11.1%.

Geostat has published its preliminary estimate of real GDP growth for December 2024, which stands at 6.7%, while the average annual real GDP growth reached 9.5%.

According to GeoStat’s preliminary estimates in the second quarter of 2024, Georgia’s nominal GDP reached GEL 24,855.7 million, with a year-over-year real GDP growth of 11.0% and a GDP deflator change of 4.3%. The growth was driven by significant increases in value-added across various sectors: Education activities rose by 35.6%, Information and communication rose by 32.8%, Construction by 30.9%, Financial and insurance activities by 22.9%, Public administration and defense, including social security by 14.7% and Wholesale and retail trade, including repair of motor vehicles and motorcycles by 11%. Conversely, there was a decline in value-added in electricity, gas, steam, and air conditioning supply by 13.6% and in Real estate activities by 4.9%.