World Bank improves forecast for growth in Georgia's GDP to 7% in 2025

TBILISI. Oct 7 (Interfax) - The World Bank forecasts Georgia's GDP to grow 7% in 2025, the bank said in October's Europe and Central Asia Economic Update.

The bank in June had projected the country's GDP to grow 5.5%.

The bank improved the forecast for the year to 5.5% for 2026 from 5%, and confirmed it at 5% for 2027.

National Statistics Service data indicate that Georgia's GDP grew 7.9% from January to August. The country's authorities project GDP growth of 6% in 2025, a forecast that forms the basis for the state budget.

The International Monetary Fund forecasts Georgia's GDP to grow 7.3% this year, and the European Bank for Reconstruction and Development and the Asian Development Bank expect growth of 7%.

The country's GDP grew 9.5% in 2024, 7.8% in 2023, and 10.4% in 2022.