MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

The high economic growth trend in Georgia continues into the first half of 2025 – economic growth reached 9,8% in the first quarter, 7,5% in April and May, and 6,3% in June. In total, the average economic growth for January-June of 2025 averaged to 8,3%.

The positive trends and high economic growth recorded in the Georgian economy indicate that it maintains resilience and is developing stably despite external shocks, geopolitical tensions, and challenges. It is also important that a growth trend was recorded in the turnover of VAT-paying enterprises in June 2025, which was increased by 8,7% compared to the same month of the previous year, while the number of newly registered enterprises amounted to 6188 units.

“The average economic growth in the first half of 2025 is 8,3%, and it is worth noting that economic growth in June was 6,3%. The economic growth indicators are quite diversified at the sectoral level – information and communication, manufacturing, education, transport and storage, and financial and insurance sectors contributed significantly to the growth” – Deputy Minister of Economy and Sustainable Development, Vakhtang Tsintsadze stated.

In June 2025, significant positive contributions to economic growth were made by the increase in economic activity in the following sectors: information and communication, education, manufacturing, financial and insurance activities, and transport and storage. In addition, high economic growth in June was boosted by positive trends in foreign trade – exports was increased by 10,4% reaching 640,2 million USD, and the growth of local exports (excluding re-exports) was 8,4%.

In the second quarter of 2025, revenues from travel (tourism) was also increased by 5,0% (yearly indicator) reaching a record volume of 1145,0 million USD in the second-quarter.

According to international financial institutions and rating agencies, the Georgian economy maintains resilience as a result of a reasonable macroeconomic policy. The International Monetary Fund (IMF), in its updated April 2025 report, revised downward its economic growth forecasts for global leading economies and most European countries. Against this background, the IMF, within the framework of its mission to Georgia (consultations within the IMF Article IV), increased its 2025 economic growth forecast from 6% to 7,2%, which indicates the resilience of the Georgian economy to external shocks. According to the IMF’s forecast, among the countries of the region and Europe, Georgia will have the highest economic growth in the medium term – from 2025 to 2030, averaging to 5,4%.

“Against the background of these positive trends, several international financial institutions have revised their economic growth forecasts for Georgia upwards. Specifically, the International Monetary Fund recently increased its economic growth forecast for Georgia for 2025 from 6% to 7,2%. The National Bank also increased its economic growth forecast for the current year to 7,4%. We expect that the existing positive trends of economic growth will be maintained and strengthened until the end of the year, and Georgia will be able to close 2025 with high economic growth” – Vakhtang Tsintsadze said.

It is worth noting that in 2024, Georgia’s economic growth was 9,4% – last year, Georgia had one of the highest economic growth rates globally, ranking third in the world in terms of the pace of economic growth.