GeoStat Director: Georgian economy grew 8.6 per cent in June, average six-month growth recorded at 7.9 per cent

In June 2026, Georgia’s economy grew by 8.6 per cent, bringing the average real growth rate for the first six months to 7.9 per cent, announced Gogita Todradze, Executive Director of the National Statistics Office of Georgia (GeoStat).

According to Todradze, compared with the corresponding period of the previous year, key drivers of economic growth included manufacturing, transportation and storage, construction, and information and communication sectors.

“Despite this, a slight decline was observed in the mining and quarrying, and energy sectors. In June 2026, exports of goods increased by 20.4 per cent, whilst imports rose by 7.5 per cent. Approximately 7,050 new enterprises were registered in the country last month, representing an increase of nearly 14 per cent compared to the same period last year. An uptick in the registration of local individual entrepreneurs primarily drove this growth. The turnover of VAT-paying enterprises, utilised in calculating the preliminary estimate of economic growth, increased by approximately 14 per cent, exceeding 16.7 billion GEL,” stated Gogita Todradze.

He noted that growth in the manufacturing sector was mainly linked to an expansion in the production volume of petroleum products, such as naphtha, gas oil, and fuel oil.

“Exports of these categories of petroleum products increased roughly twelvefold compared to the same period last year, heading towards China, African nations, and Turkey. Growth in the transportation and storage sector was largely driven by air transport operations—covering both passenger transport and freight logistics—while cargo handling and storage metrics expanded in line with positive ongoing trends in foreign trade. In the construction sector, growth was driven by both residential and non-residential building construction, accompanied by an increase in design work volume.

Within the information and communication sector, expansion was largely driven by higher volumes of telecommunications services. As in previous months, software development, IT services, and related activities also supported this expansion.

Growth in the financial and insurance activities sector was mainly driven by an increase in commercial banks’ interest income. As for negative trends, as mentioned, a slight drop was noted in two sectors: in mining and quarrying, the decline was primarily tied to metal ore extraction, whereas the energy sector experienced a drop in hydroelectric power plant generation, decreasing by roughly 16 per cent compared to the corresponding period last year,” the Executive Director of GeoStat noted.