Georgia posts robust 6.4% economic growth for May, pushing year-to-date expansion to 7.8%

According to preliminary estimates, Georgia’s real GDP grew by 6.4% in May. Consequently, the economic growth rate for the first five months of the year (January–May) reached a 7.8%.

Figures released by the Ministry of Economy and Sustainable Development reveal that the turnover of VAT-paying enterprises climbed by 8.7% compared to the same period last year. In addition, newly registered businesses increased by 2.2% to a total of 6,542 entities.

May’s economic performance was heavily driven by buoyant activity across several key sectors, most notably: information and communication, financial and insurance services, manufacturing, transport and storage, healthcare, and real estate operations.

The Ministry of Economy also highlighted that the positive trends in foreign trade have significantly bolstered the strong economic momentum seen between January and May. In detail, total exports rose by 19.8% to USD 3,107.7 million, whilst domestic exports, excluding re-exports, surged by 66.1% to USD 1,929.1 million.

These sustained positive trends and high growth figures clearly demonstrate that the Georgian economy continues to maintain its resilient upward trajectory.