“The encouraging trends and substantial economic growth observed in Georgia clearly indicate that, despite external shocks, geopolitical tensions, and various challenges, the Georgian economy remains resilient,” stated the Ministry of Economy.

According to the Ministry, positive developments in foreign trade have bolstered the strong economic performance in the first quarter.

“Exports reached USD 1,723.7 million, representing a 23.4% increase compared to the same period last year. Domestic exports (excluding re-exports) surged by 75.1% over the same period. In March 2026, turnover among VAT-paying enterprises grew by 13.4% compared to March 2025, while the number of newly registered enterprises increased by 2.3% year-on-year. Despite ongoing conflicts in the Middle East and the resulting decline in global tourist flows, tourism revenues in the first quarter of 2026 rose marginally by 0.5%, reaching a record quarterly total of USD 829.8 million,” the Ministry added.

Furthermore, the National Statistics Office (GeoStat) reported that Georgia’s economy expanded by 10.7% in March, with an average real growth of 9.1% across the first quarter.