Georgia’s government has increased its 2026 economic growth forecast to 6.3%, up from the previous 5%, according to First Deputy Finance Minister Giorgi Kakauridze.
Speaking at a joint parliamentary committee session, Kakauridze said the revision was driven by stronger-than-expected economic performance in the first four months of 2026, when growth reached 8.3%.
“Given the higher-than-expected results, we have revised our forecast. The real economic growth projection for 2026 is now 6.3% under the baseline scenario,” he said.
Kakauridze noted that the government also maintains alternative scenarios, with an optimistic forecast of 7% growth and a pessimistic scenario of around 4.4%, which assumes the materialization of key risks. He added that the Georgian economy remains exposed to global and regional developments, including ongoing conflicts.
He also said inflation is expected to average 4.9% under the baseline scenario in 2026, before gradually returning to the National Bank’s 3% target in subsequent years.
According to Geostat’s preliminary data, Georgia’s real GDP growth in April 2026 was 6.2% year-on-year, while average growth for the first four months stood at 8.3%. The National Bank of Georgia also raised its 2026 growth forecast earlier in May, from 5% to 6.5%.
