Georgia’s economy grows 10.7% in March, 9.1% in Q1 2026

The ministry of economy and sustainable development of Georgia has released its latest economic report, revealing a significant surge in the country’s financial performance. According to the data, Georgia’s economy grew by 10.7% in March 2026, bringing the average real economic growth for the first quarter of 2026 to 9.1%.

The ministry emphasised that these positive trends and high growth rates clearly demonstrate the resilience of the Georgian economy, despite ongoing external shocks, geopolitical tensions, and global challenges.

The high economic growth between January and March was supported by positive trends in foreign trade - exports amounted to $1,723.7 million, which is a 23.4 percent increase compared to the same period of the previous year, while domestic exports - excluding exports and re-exports - increased by 75.1 percent during the same period.

In March 2026, the turnover of VAT-paying enterprises increased by 13.4 percent compared to the same period of 2025, while the number of newly registered enterprises increased by 2.3 percent compared to March of the previous year.

Despite the ongoing conflict in the Middle East and the negative impact on global tourist flows, tourism revenues in the first quarter of 2026 increased by 0.5 percent and amounted to a record volume of the first quarter - $ 829.8 million.