Economic activity remained strong through the end of 2025, although the pace of expansion continued to normalize. According to preliminary estimates, real GDP growth reached 7.5% in 2025, indicating that output was still expanding above Georgia’s longer-run trend even as the economy gradually converged toward potential.

According to the ISET Policy Institute's latest projections, Based on January’s data, Georgia's economy is expected to grow by 5.1% in the first quarter of 2026 and 6.3% in the second quarter of 2026. The annual growth in 2026 is expected to be 4.9% in the worst-case scenario, and 6.3% in the best-case or an average long-term growth scenario.

According to preliminary indicators, real GDP grew about 6.5% y/y in Q3 2025 (Figure 1), easing from 7.3% in Q2 but still above the pre-2022 norm. Expansion remained services-led: summer tourism, ICT, and transport did most of the lifting, while manufacturing and construction/utilities were softer as re-exports normalized.

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

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%.