Monthly Economic Review

Top 3 highlights from Georgia’s monthly economic review:

1. Robust medium-term growth outlook
IMF projects GDP growth of 5.3% in 2026 and an average of 5.0% over 2027-2030, positioning Georgia among the region’s top performers, with GDP per capita expected to reach US$13,540 by 2030.

2. Tourism momentum continues
Tourism revenues grew by 5.1% y/y to US $3.6bn in 9M25, prompting an upward revision of the 2025 forecast to US$ 4.6bn. For 2026, tourism revenues are expected to reach US$ 4.9bn.

3. Stable GEL drives reserve accumulation
NBG purchased US$ 1.6bn during Mar-Sep (including US$ 100mn in Sep-25), bringing gross international reserves to US$ 5.4bn as of September 2025.