Galt & Taggart raises Georgia’s 2025 economic growth forecast to 7.5%

Galt & Taggart, an investment banking arm of Lion Finance Group has revised Georgia’s 2025 economic growth forecast upwards based on current economic data, increasing it from 6.8 percent to 7.5 percent.

According to the report, Georgia’s economy grew by 7.5 percent year-on-year in May 2025, matching the growth rate recorded in April. Overall, the real GDP growth for the first five months of 2025 reached 8.8 percent year-on-year.

The May growth was driven by increased activity in information and communication technologies, manufacturing, trade, transport and storage, as well as construction. In contrast, the energy sector experienced a decline.

Galt & Taggart also expects:

• Annual average inflation in 2025 to stand at 3.7 percent;
• The National Bank of Georgia to keep the refinancing rate unchanged at 8 percent;
• The average exchange rate to be 2.78 GEL per USD;
• Tourism revenues to reach USD 4.5 billion.