IMF: Georgia’s real GDP to increase by 5.7 per cent in 2027

The International Monetary Fund (IMF) presented its economic forecast of the South Caucasus countries (Georgia, Armenia and Azerbaijan) for 2027.

According to expert forecasts, real GDP growth in Georgia will be 5.7 per cent in 2027, 5.5 per cent in Armenia, and 2.3 per cent in Azerbaijan.

Furthermore, according to 2026 projections, Georgia’s GDP growth will be 7.2 per cent, Armenia’s 5.5 per cent, and Azerbaijan’s 1.7 per cent.

The IMF publishes its forecast on unemployment and says that in 2027, the unemployment rate in Georgia will be 13.9 per cent, the same as in 2026, while in Armenia it will be 12.7 per cent, and in Azerbaijan, 5.2 percent. As of 2026, the unemployment rate stands at 12.8 per cent in Armenia and 5.3 per cent in Azerbaijan.

Also, based on the IMF report, the consumer price growth rate is projected at 5.4 per cent in 2026 and 3.6 per cent in 2027 for Georgia; 4.6 per cent in 2026 and 3.6 per cent in 2027 for Armenia; and 5.8 per cent in 2026 and 5.6 per cent in 2027 for Azerbaijan.