The World Bank has revised Georgia’s 2025 economic growth forecast down to 5.5%, cutting its previous estimate by 0.5 percentage points, according to the latest Global Economic Outlook report.
The report notes that growth in 2025 is expected to slow compared to 2024, largely due to an anticipated decline in re-exports and domestic consumption.
“Growth in Georgia and Armenia is expected to decline compared to 2024, driven by weaker domestic demand and a decline in re-exports, bringing growth projections for these countries closer to their potential growth rates,” the report states.
Regional Forecasts for 2025:
- Georgia – 5.5% (–0.5 pp from previous forecast)
- Armenia – 4% (–1 pp)
- Azerbaijan – 2.6% (–0.1 pp)
- Russia – 1.4% (–0.2 pp)
- Ukraine – 2% (unchanged)
- Turkey – 3.1% (+0.5 pp)
The World Bank’s downgrade contrasts with a more optimistic forecast from the International Monetary Fund (IMF), which recently raised its projection for Georgia’s 2025 growth from 6% to 7.2%.
