Georgia's GDP grows 7.4% in 9M

TBILISI. Oct 30 (Interfax) - Georgia's GDP grew 7.4% year-on-year in January-September 2026, national statistics service Geostat said.

Year-on-year GDP growth was 7.9% in the first half and 9% in the first quarter of 2026.

The economy grew 6% year-on-year in September, 6.3% in August, 8% in July and 8,6% in June.

The September growth was driven by positive trends in the construction, information and communications, mining, trade and financial sectors, however manufacturing declined due to lower output of base metals, food and beverages.

Ferromanganese exports, primarily to Morocco, the United Kingdom and Turkey, rose 9.4%. Output of petroleum products, mainly fuel oil, gas oil and jet fuel, rose significantly. Exports of these products soared 24-fold year-on-year in September.

Georgia's economy grew 7.5% in 2025 following growth of 9.5% in 2024, 7.8% in 2023 and 10.4% in 2022.

In October, the IMF raised its forecast for. Georgia's GDP growth in 2026 from 6.5% to 7.2%, followed by the country's National Bank, which mirrored its forecast.

The World Bank projects Georgia's GDP growth this year at 7% and 5.5% next year, the ADB at 6.3% and 5.2%, respectively, and the EBRD at 6.5% and 5.5%.