Finance Minister: Georgia’s economy continues to maintain positive growth momentum; average economic growth over the past five years stands at 9.3%

“Despite global and regional challenges, Georgia’s economy continues to maintain positive growth momentum. Average economic growth over the past five years stands at 9.3%,” Finance Minister Lasha Khutsishvili said during a plenary session of Parliament, where he is presenting the revised version of the 2027 state budget.

According to him, positive economic trends have also been reflected in assessments of the country’s sovereign credit ratings.

“Despite the economic and political tensions around the world, Georgia has maintained a high rate of economic growth in recent years, demonstrating the resilience of the country’s economy to external shocks. Following the double-digit economic growth recorded in 2021–2022, positive momentum continued in subsequent years. Average economic growth over the past five years stands at 9.3%. Overall, despite global and regional challenges, Georgia’s economy continues to maintain positive growth momentum.

At the same time, efforts are being made over the medium term to diversify economic growth, increase productivity, encourage private investment and strengthen export competitiveness. These priorities contribute to establishing a more sustainable foundation for economic growth and improving the resilience of the country’s economy to external shocks,” Khutsishvili said.