Georgia’s real gross domestic product (GDP) grew by 6.4% year-on-year in May 2026, according to rapid estimates released by the National Statistics Office (Geostat) on June 30. Average real GDP growth for January-May amounted to 7.8%.
According to Geostat, the growth was primarily driven by the financial and insurance, information and communication, manufacturing, transportation, and storage sectors. Construction, meanwhile, recorded a decline.
The latest official figures come as international financial institutions continue to project robust, albeit moderating, economic growth for Georgia in 2026.
The European Bank for Reconstruction and Development (EBRD), in its latest report, raised its 2026 growth forecast for Georgia to 6% and projected growth to moderate to 5% in 2027. It said that “the implementation of flagship investment projects in the real estate, transport and renewables sectors could foster even higher growth,” while warning that “the conflict in the Middle East may damp economic momentum by way of lower tourism revenues and higher costs for imported energy.”
Similarly, the International Monetary Fund (IMF) Executive Board described Georgia’s economy as “resilient” in its latest assessment, projecting economic growth to remain “strong, though moderating” at 6.5% in 2026, while expecting inflation to stay above the National Bank of Georgia’s (NBG) target until mid-2027.
The United Nations and the World Bank also expect Georgia’s economy to continue growing this year, although at a slightly slower pace. The United Nations World Economic Situation and Prospects 2026 report projects growth at 5.4% in 2026, while the World Bank report estimates Georgia’s economic growth at 5.5% in 2026 and forecasts average growth of 3.5% across the South Caucasus in 2025-2026, “as spillovers from trade intermediation, labor and capital inflows continue to diminish.”
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