Prime Minister Kobakhidze emphasises economy as key diver for Georgia's development

During his annual address to Parliament, Georgian Prime Minister Irakli Kobakhidze on Friday underscored the pivotal role of economic development in strengthening the nation.

In his address, Kobakhidze noted that the economy was the primary driving force behind the country's progress, essential for improving the social well-being of its population, bolstering its democratic system, and solidifying its foreign policy standing.

Reviewing the latest economic indicators, the Prime Minister stated that Georgia’s economy had grown by 9.4 percent in 2024, continuing the positive trend observed since 2021.

“In 2025, economic growth in January-April also amounted to 8.8 percent, meaning we are maintaining a high growth rate this year as well. Preliminary data for May is also very positive. We are confident not only in meeting but also exceeding the target outlined in the budget”, the PM said.

He further pointed out that the International Monetary Fund had revised Georgia’s 2025 economic growth forecast upward to 7.2 percent, and his Government considered even stronger performance to be realistic.

“We are seeing very good trends - last year we had high economic growth, and the same applies this year. The key is to do everything necessary to sustain this growth momentum”, Kobakhidze concluded.