Georgia’s economy outpaces expectations as growth hits 8.8%

Georgia’s economy grew by 8.8% in February, the country’s National Statistics Office said.

For the first two months of 2026, GDP expanded by 8.4%, with all sectors showing growth except for energy and construction. Turnover for VAT-registered companies reached 13.3 billion lari ($4.92 billion) in February, marking a 10.7% increase compared to the same month last year, NewsGeorgia reports.

The government had initially approved the 2026 budget based on a projected economic growth of 5%. International forecasts had been similarly modest, with the World Bank projecting 5.5%, the IMF 5.3%, the European Commission 5%, and the UN 5.4%.

Credit rating agencies Fitch and S&P estimate Georgia’s GDP growth for 2026 at 5.3–5.4%. Meanwhile, the European Bank for Reconstruction and Development (EBRD) recently raised its growth forecast to 5.5%.

By Vafa Guliyeva