IMF and World Bank forecast slower, yet positive economic growth for Georgia in 2025

Georgia’s economy is expected to grow by 6% in 2025, according to the International Monetary Fund’s (IMF) latest World Economic Outlook, released on April 25. The World Bank projects slightly slower growth at 5.5%. While these figures mark a decline from the rapid growth rates of recent years, both institutions expect Georgia to maintain a stable upward trajectory, forecasting 5% growth in 2026.

Recent data from the National Statistics Office of Georgia (Geostat) shows the country has experienced strong economic performance following the pandemic. After a 6.3% contraction in 2020, Georgia’s economy rebounded with growth of 10.6% in 2021, followed by 11% in 2022 and 7.8% in 2023. In 2024, GDP growth reached 9.4%, although it began to slow by the end of the year amid growing domestic political unrest and deteriorating relations with the West.

In the first two months of 2025, GDP growth averaged 9.4%, with January at 11.1% and February at 7.7%, though final data for March is still pending.

Despite signs of deceleration, both the IMF and World Bank signal continued resilience in Georgia’s economy, buoyed by strong early-year momentum and the country’s ability to navigate regional and political challenges.