IMF upgrades Georgia’s 2025 growth outlook amid strong economic momentum

Head of the International Monetary Fund (IMF) mission Alejandro Hajdenberg has said that economic growth forecast for Georgia was revised upward, now projecting a 7.2 per cent expansion in 2025, compared to the previous estimate of 6 per cent. 

He made these remarks at a briefing held at the National Bank of Georgia, Caliber.Az reports via Georgian media.

Hajdenberg emphasised Georgia’s robust growth potential, stating, “This year, economic growth is projected at approximately 7.2 per cent. This is a revision of our previous forecast, which we have increased from 6 per cent to 7.2 per cent. Georgia has even greater growth potential.”

The IMF report highlighted that despite internal political challenges, Georgia’s real GDP grew by an impressive 9.4 per cent in 2024. Consumption has been the primary driver of this growth, with investments and net exports playing significant roles in earlier years. The tourism sector has also rebounded strongly, reaching pre-pandemic levels. Key sectors such as information and communication technology (ICT) and transport continue to fuel economic expansion. The IMF credited these sectors’ growth to the influx of highly skilled migrant workers and increased transit trade. Although unemployment rates have steadily declined, the IMF noted that they remain relatively high.

By Naila Huseynova