PM Kobakhidze: February economic growth reached 8.8%; we maintain rapid pace of development
PM Kobakhidze: February economic growth reached 8.8%; we maintain rapid pace of development

“Economy grew by 8.8% in February,” stated Georgian Prime Minister Irakli Kobakhidze during a government session.

According to Kobakhidze, the average growth for January and February stood at 8.4%, which he emphasised as particularly significant.

“The data for February’s economic growth has been published, showing an increase of 8.8%. Consequently, the combined average for January and February is 8.4%, a figure of great importance. We are successfully sustaining a rapid rate of economic development. The revised data for 2025 has also been released. Last year, growth reached 7.5%, with the gross domestic product (GDP) at the end of the year amounting to 104.6 billion GEL. This marks the first time our economy has surpassed 100 billion GEL. It is a notable milestone.

Allow me to remind you that in 2012, our economy was roughly four times smaller, at around 28 billion GEL. In U.S. dollars, our economy now stands at approximately USD 38.1 billion. We have compared our growth rate with that of Moldova on several occasions, and our data are quite similar.

It is also important to highlight that over the past five years, from 2021 to 2025, the gap between our economy and Moldova’s has grown by USD 14 billion. This means the disparity between our budgets has grown by more than USD 3.5 billion. Such developments are critical factors in the country’s overall progress, and in the future, we will place particular emphasis on further economic development,” the Prime Minister concluded.