Georgia’s real gross domestic product (GDP) grew by 8% year-on-year in July 2026, according to rapid estimates released by the National Statistics Office (Geostat) on August 31. Average real GDP growth for January-July stood at 7.9%.
According to Geostat, growth in July was mainly driven by manufacturing, information and communication, financial and insurance activities, mining and quarrying, and transportation and storage. 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) raised its forecast for Georgia’s 2026 economic growth to 6% in its latest report, while projecting growth to slow to 5% in 2027.
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 remain 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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