Georgia lifts growth forecast to 6.3% after robust start to 2026

The Georgian government has upgraded its economic growth forecast for 2026 from 5% to 6.3%, citing stronger-than-expected performance in the first months of the year.

First Deputy Finance Minister Giorgi Kakauridze told a joint session of parliamentary committees that the revision follows robust expansion in economic activity, Caliber.Az reports, citing Georgian media.

“Over the past four months, economic growth has exceeded 8%. Although we originally planned for 5% real growth in the budget, we have revised our outlook upwards and now expect 6.3% for this year,” he said.

The government outlined a range of scenarios, with growth projected at 6.3% in the baseline case, up to 7% under an optimistic scenario, and slowing to 4.4% in a downside case if external risks and regional tensions intensify.

Officials also forecast inflation at 4.9% in 2026, with a gradual return to the 3% target in the following years.

According to Georgia’s National Statistics Office, gross domestic product grew by 6.2% year-on-year in April, while average growth reached 8.3% over the January–April period, underscoring continued momentum in the economy.

By Aghakazim Guliyev