Georgia’s IT sector continues its upward trajectory, with foreign revenue reaching USD 266 million in the first quarter of 2025, a 70% increase compared to the same period last year. The data, published by the National Bank of Georgia, indicates a significant boost of USD 110 million over Q1 2024, signaling a strong rebound after a moderate dip in 2024.
The sector generated USD 688 million in foreign revenue in 2024, falling short of the record USD 784 million achieved in 2023. However, the promising Q1 2025 figures suggest a return to robust growth. Geostat, the national statistics office, also projects that the IT sector will be one of the key drivers of Georgia’s economic growth in 2025.
The rapid expansion of Georgia’s IT industry in recent years can largely be attributed to the migration wave of 2022–2023, when thousands of IT professionals from Russia, Ukraine, and Belarus relocated to Georgia in the wake of regional instability. Many of these specialists continued to provide services remotely for international clients, but were classified under Georgian-based IT operations, boosting official revenue statistics.
Employment in the broader information and communication sector, which includes IT services, has seen substantial growth. In 2021, approximately 30,600 people were employed in the sector. That number rose to 39,000 in 2022 and reached 48,000 by the end of 2024, reflecting increased demand.
The sector's growing importance is also reflected in rising wages. In the first quarter of 2025, the average monthly salary in the information and communication sector climbed to 4,255 GEL, marking a 4.6% increase compared to the previous year. This upward trend underscores the sector’s continued attractiveness for skilled professionals and its strengthening role in Georgia’s broader economic landscape.
As digital transformation accelerates globally, Georgia’s IT sector is positioning itself as a key player in the regional tech economy, fueling innovation, employment, and export revenue. With such strong momentum in early 2025, the outlook for the remainder of the year appears highly optimistic.
