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2025
Georgia's GDP grew 7.5% over the year and reached $37.4 billion
At GDP Georgia the end of 2025, it grew by 7.5% compared to the previous year. This is stated in the materials of the National Statistics Service ("Gruzstat"), published on January 30, 2026.
The country's economic growth rate gradually declined during 2025. So, in the first quarter, an increase of 9.9% was recorded, in the second - 7.4%, in the third - 6.4%. By the end of the year, positive dynamics accelerated: in the fourth quarter, growth amounted to 6.8%.
The message of Gruzstat says that by the end of 2025, the manufacturing industry, information and communication technologies, transport and warehousing, hotel and restaurant business made a significant contribution to the development of the country's economy. At the same time, a decrease was recorded in the construction sector. In December 2025, about 6.1 thousand new enterprises were registered in the country: this is 1.2% more compared to the same period of the previous year.
Georgia's exports in 2025 reached $7.29 billion, which is 11.2% higher than in 2024. The volume of imports on an annualized basis increased by 9.7%, amounting to $18.53 billion. Georgia mainly exports cars (re-export), ferroalloys, copper ores, wine, nuts and mineral water. The country mainly imports vehicles, petroleum products, medicines, natural gas and electrical equipment. The largest destination of Georgian exports are Kyrgyzstan, Kazakhstan and Russia. The list of leading importers includes the United States, Turkey and China.
According to the Worldometers resource, referring to data from the International Monetary Fund (IMF), Georgia's nominal GDP in 2025 amounted to $37.4 billion. For comparison, a year earlier this figure was estimated at $33.78 billion. GDP per capita reached $10,126 against $9142 in 2024.[1]
GDP forecasts
Prime Minister Irakli Kobakhidze in January 2025 expressed hope for an increase GDP Georgia of 9% in 2025. International financial institutions give more restrained forecasts. International Monetary Fund (IMF) World Bank and expect an increase of 6%, - European Commission 5.8%, - UN 5.4%, - Asian Development Bank 5.5%, - 4.6 EBRD %.
Rating agency Fitch predicts an increase in the Georgian economy by 5.3%. The consensus forecast of Georgian economists, presented by the consulting company PMCG, assumes a slowdown in growth to 3.6%.
2024: Georgia's GDP grew by 9% over the year
Georgian Prime Minister Irakli Kobakhidze in January 2025 announced a 9% increase in the country's GDP in 2024, while one of the growth drivers was an increase in trade with Russia.
According to Interfax, the Georgian authorities predict GDP growth of at least 6% in 2025 with a decrease in inflation to 1%.
The Georgian economy is showing steady positive dynamics: in 2022, growth amounted to 10.4%, in 2023 - 7.8%. The country consistently exceeds the forecast indicators of international financial institutions.
Prime Minister Irakli Kobakhidze noted high economic activity in January 2025 and government plans to further intensify economic processes. The head of government stressed that the country traditionally exceeds both its own forecast indicators and the IMF estimates.
Georgia's exports to Russia increased by 3.7% in 2024, which made a significant contribution to the country's overall economic growth. The expansion of trade and economic cooperation between the countries contributed to the strengthening of macroeconomic indicators of the Georgian economy.
According to preliminary estimates of the Georgian authorities, the budget forecast for GDP growth for 2025 is set at 6%, but the government expects higher indicators, relying on current economic trends.[2]
2023: GDP growth of 7.5% driven by ICT industry
In 2023, real GDP Georgia growth was 7.5% compared to the previous year. The positive dynamics is due, in particular, to the development of the ICT industry. This is stated in the materials of the National Statistics Service of Georgia "Saxtat" (Gruzstat), published on March 20, 2024.
It is noted that in current prices, the country's GDP in 2023 amounted to 80.25 billion lari, or $30.54 billion. A year earlier, these values were equal to 72.86 billion lari and $24.99 billion, respectively. Thus, growth was recorded at 10.1%. GDP per capita increased on an annualized basis from $6,731 to $8,210.
The largest growth in 2023 in Georgia was demonstrated by the field of information and communications: the increase in annual terms was at around 27.4%. Next comes the activities of administrative and support services with an increase of 26.4%. In the field of professional scientific and technical activity, positive dynamics amounted to 19.1%. In the field of education, the growth compared to 2022 is 18.9%. Public administration and defense, as well as compulsory social security, added 13.7%.
At the same time, a decline was registered in a number of industries. Negative dynamics was demonstrated by the spheres of health and social services (minus 15.4% compared to 2022), water supply, sewerage, waste management and pollution control (minus 11.3%), mining (minus 4%), supply of electricity, gas, steam and air-conditioned air (minus 3.2%), as well as real estate activities (minus 2.5%).
According to the results of 2023, the largest share in the GDP structure of Georgia is in the trade (15.6%), real estate (10.2%), manufacturing (9.5%), construction (7.9%), as well as agriculture, forestry and fisheries (6.9%).[3]
2022: The rise of GDP in the 1st half of the year by 10.5% due to the inflow of capital from Russia amid the conflict in Ukraine
The growth of the Georgian economy in June amounted to 7.2%, and in the first half of 2022 - 10.5% on average. The main reason for the growth was the inflow of Russian capital.
Since the beginning of Russia's special operation in Ukraine in February 2022, many Russians have left for Georgia as a neutral country, without language problems, with a mild climate and cheap life. And they took their money there.
Since February 24, about 35,000 Russians have settled in Georgia, the WSJ writes, citing local government data. Basically, these are young people in their 20s and 30s.
By and large, Georgia has become a financial backbone between Russia and the other world.
According to the American NGO Transparency International, in January-June 2022, Georgia received about $1.2 billion in revenues from Russia through remittances, tourism and commodity exports. This is 2.5 times higher than the same indicator last year.
In March, April, May and June 2022, 6,400 Russian companies registered in Georgia. This is seven times the annual figure for 2021.
Since February, imports of petroleum products from Russia have grown by 280%, the turnover amounted to $118 million. Electricity imports increased 4 times by $ 9 million. Coal and coke imports increased 3-fold to $ 23 million.
In the second quarter of 2022, remittances from Russia to Georgia increased 6.5 times and amounted to $678 million.
Russian citizens posted more than $670 million on the accounts of Banks of Georgia. As of August 31, 2022, the number of accounts opened by Russians approached 60 thousand.
2020: Trade with Russia accounts for 8.6% of Georgia's GDP
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Notes
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