Georgia Q3 GDP Growth Slows to 6.4% YoY

The economy of Georgia grew by 9.0% year-on-year in the first quarter of 2026, following a 6.7% expansion in the previous quarter. Output accelerated in mining and quarrying (10.4% vs 4.8% in Q4 2025), transportation and storage (18.0% vs 11.0%), accommodation and food service activities (12.4% vs 4.0%), information and communication (36.0% vs 22.0%), financial and insurance services (11.7% vs 9.1%), professional, scientific and technical activities (9.4% vs 7.5%), administrative and support service activities (6.6% vs 3.3%), and health and social work activities (12.6% vs 7.2%). At the same time, activity rebounded in electricity, gas, steam and air conditioning supply (6.5% vs -5.5%) and real estate (3.1% vs -0.3%). In contrast, output growth slowed in manufacturing (0.3% vs 6.2%), wholesale and retail trade (5.5% vs 7.4%), and education (0.7% vs 17.1%), while output declined in construction (-2.0% vs 2.5%) and agriculture (-3.3% vs -2.9%).

The economy in Georgia grew by 6.7% year-on-year in the fourth quarter of 2025, following a 6.4% expansion in the previous quarter. Output accelerated in manufacturing (6.2% vs 2.5% in Q3), construction (2.5% vs 0.2%), wholesale and retail trade (7.4% vs 3%), transport and storage (11% vs 8.1%), information and communication (22% vs 21.1%), and arts, entertainment, and recreation (14.3% vs 13%). At the same time, activity recovered in mining and quarrying (4.8% vs -8.7%) and declined less for agriculture (-2.9% vs -5.4%). In contrast, output growth slowed in financial and insurance services (9.1% vs 14.7%), administrative and support services (3.3% vs 3.8%), education (17.1% vs 20.7%), and health and social work activities (7.2% vs 10.4%). Real estate activity (-0.3% vs 2.6%) also slipped into negative territory.

The economy in Georgia grew by 6.4% year-on-year in the third quarter of 2025, after expanding 7.4% in the previous quarter. This marked the slowest pace of growth since the fourth quarter of 2023, amid weaker activity in information and communication (21.1% vs 37.1% in Q2), administrative and support services (9.6% vs 13.6%), education (20.7% vs 28.9%), human health and social work activities (10.4% vs 14.3%), and arts, entertainment, and recreation (13% vs 16%). At the same time, output contracted in mining and quarrying (-8.7% vs 0.1%), water supply (-0.8% vs 8.4%), and agriculture (-5.4% vs -2.5%). On the other hand, activity increased in manufacturing (2.5% vs 2%), wholesale and retail trade (3% vs 1.5%), real estate (2.6% vs 1.7%), financial and insurance activities (14.7% vs 11.8%), and transportation and storage (8.1% vs 3.1%), while it recovered in construction (0.2% vs -2.6%)