IMF Resident Representative: Georgia’s economy showed strong performance in 2025

Andrew Jewell, the Resident Representative for Georgia at the International Monetary Fund, on Friday said Georgia's economy demonstrated robust resilience and strong growth throughout 2025, with real GDP expansion estimated at 7.3 percent.

In his remarks, Jewell noted that Georgia's real GDP growth reached an estimated 7.3 percent in 2025, marking a deceleration from the previous year but remaining above the country's long-term trend and potential rate.

“Georgia’s economy performed well in 2025. Real GDP growth is estimated at 7.3 percent, which is a slowdown compared to 2024, but still exceeds our trend assessment. Rapid economic growth has reduced the unemployment rate to a historic low, even though it remains structurally high”, he said.

He further highlighted that inflation had risen above the National Bank of Georgia’s 3 percent target, yet core inflation had stayed within bounds, indicating no widespread or systemic price pressures.

“At this stage, inflation exceeds the National Bank of Georgia’s 3 percent target, but core inflation remains within the target range, reflecting the absence of systemic price pressures. Fiscal policy remains disciplined, which over the years has contributed to a significant reduction of external debt as a share of GDP”, he noted.

“The National Bank of Georgia’s international reserves are at a record high, and the financial sector is healthy, characterised by strong bank capitalisation, profitability, liquidity, and asset quality”, Jewell concluded.