Georgian PM highlights 9.3% average economic growth at UN General Assembly

Georgian Prime Minister Irakli Kobakhidze said on Thursday that Georgia’s economy has expanded by an average of 9.3% annually over the past five years, with growth continuing in 2026 and reaching 7.9% during the first seven months of the year.

Addressing the 81st session of the United Nations General Assembly in New York, Kobakhidze highlighted Georgia’s recent economic performance, foreign investment and the government’s efforts to develop an innovation-oriented and business-friendly economy.

“Our economy has grown by an average of 9.3% annually over the past five years, and this dynamic continued in 2026, with economic growth reaching 7.9% in the first seven months of the year”, he said.

The Prime Minister noted that the International Monetary Fund expects Georgia to maintain a comparatively high rate of economic growth over the medium term.

“As one of the world’s fastest-growing economies, we are actively creating an innovation-oriented and business-friendly environment that supports the development of both local and foreign enterprises. Despite the uncertain global environment, the ratio of foreign direct investment to GDP in Georgia remains one of the highest among comparable countries, averaging more than 6% of GDP in 2021-2025. This demonstrates investors’ confidence in the country’s growth potential”, Kobakhidze noted.

He further emphasised that Georgia’s prospects for attracting additional foreign investment were being supported by the launch of major long-term projects across several sectors.

“The prospects for foreign direct investment inflows into Georgia are also strengthened by the launch of major, long-term investment projects across various sectors, including transport and logistics, energy infrastructure, tourism and real estate. However, the true measure of success is how all of this improves people’s lives”, he concluded.