Georgia Q3 GDP Growth Slows to 6.4% YoY

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%)

The economy of Georgia grew by 7.3% year-on-year in the second quarter of 2025, after expanding 9.8% in the first quarter. This marked the slowest pace of growth since the fourth quarter of 2023, amid weaker activity in mining and quarrying (0.1% vs 12.9% in Q1), wholesale and retail trade; repair of motor vehicles (1.5% vs 6.1%), transportation and storage (3.1% vs 9.5%), real estate (1.7% vs 12.9%), administrative and support services (13.6% vs 29.7%), public administration and defence; compulsory social security (9.1% vs 11%), and human health and social work (14.3% vs 17.9%). Output also contracted in construction (-2.6% vs +4.5%) and agriculture, forestry and fishing (-2.5% vs -4.6%). Conversely, activity increased in information and communication (37.1% vs 28.6%), education (28.9% vs 27.7%), financial and insurance services (11.8% vs 8.7%), accommodation and food service activities (8.4% vs 3.2%), and manufacturing (2% vs 0.8%).

Georgia’s gross domestic product grew by 9.8% year-on-year in the first quarter of 2025, following an 8.3% advance in the previous three-month period. This marked the strongest economic expansion since the fourth quarter of 2022, as output growth accelerated in transportation and storage (9.5% vs 3.0% in Q4 2024), financial and insurance activities (8.7% vs 8.2%), and administrative and support service activities (29.7% vs 19.3%). Additionally, production rebounded for real estate activities (12.9% vs -2.3%). On the other hand, activity slowed down for mining and quarrying (12.9% vs 22.5%), manufacturing (0.8% vs 1.1%), construction (4.5% vs 7.4%), and education (27.7% vs 36.2%), while output declined for electricity (-5.1% vs 0.8%) and other service activities (-5.2% vs 6.0%).