Georgia’s economy grew by 10.7% in March 2026, the highest monthly rate this year, according to the National Statistics Office of Georgia (Geostat). The agency also reported that VAT-paying companies recorded GEL 15.6 billion in turnover, up 13.4% year-on-year, signaling broad-based activity across the private sector.
Geostat head Gogita Todradze said growth was driven mainly by manufacturing, information and communication technologies, construction, mining, transport and professional services. He noted that declines were recorded only in tourism-related services and administrative/support activities.
A major driver of growth in manufacturing was the expansion of petroleum product output, including mazut, kerosene and gasoil, with exports of these products increasing roughly tenfold. IT services also grew due to higher demand for software development and consulting, while construction expanded through both residential and non-residential projects.
Despite strong overall performance, Todradze highlighted weak spots in hospitality and tourism services, linked mainly to reduced accommodation activity and agency services. However, he added that tourist visits still grew by 4%, while exports rose 24% and imports 4.7%, supporting overall economic momentum.
