Georgia’s economy grew by 6.3% year-on-year in August 2026, bringing average real GDP growth for the first eight months of the year to 7.6%, according to Geostat Executive Director Gogita Todradze. Manufacturing, information and communication, financial and insurance activities, real estate, trade, transportation and storage made significant contributions to growth.
Todradze said exports increased by 24.7% year-on-year in August, while imports rose by 4.3%. Around 6,300 new businesses were registered during the month, up by 35% from a year earlier, largely due to an increase in registrations by individual entrepreneurs. Turnover of VAT-paying companies, used in the preliminary GDP estimate, also increased by 12% to more than GEL 16.85 billion.
Growth in manufacturing was mainly driven by higher production of petroleum products, including fuel oil, naphtha and gasoil. Exports of these products increased nearly 11-fold, mainly to Singapore, Côte d’Ivoire, China and the United States. Growth in financial activities was linked to higher commercial bank interest income, while information and communication was supported by software development and related services. Real estate activity benefited from land transactions and higher commercial property rentals.
Trade growth was driven by increased oil and petroleum product sales, as well as food, beverages, tobacco and pharmaceutical products. Transportation and storage also expanded alongside stronger foreign trade and cargo handling. In contrast, construction declined, particularly in road, bridge, highway and tunnel projects, while imports of construction materials fell by 12% and cement and clinker imports decreased by 25%.
