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Construction Cost Index up 0.8% in July, driven by rising sector wages - Geostat

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Georgia’s Construction Cost Index rose by 0.8% in July 2026 compared to the previous month, and by 4.3% year-on-year, according to figures released by the National Statistics Office of Georgia (GeoStat).

Across individual sectors, the residential construction index edged down by 1.3% month-on-month, whilst remaining 0.5% higher year-on-year. The non-residential segment climbed by 5.1% compared to June and 8.2% compared to July 2025. Meanwhile, the civil engineering index rose 1.0% month-on-month and 6.4% year-on-year.

GeoStat noted that a 6.4% surge in average monthly nominal wages for hired construction workers has predominantly driven the 0.8% monthly rise in the overall index, contributing 1.12 percentage points to the total index change.

“Compared to the corresponding month of the previous year, the Construction Cost Index increased by 4.3%. This annual growth was mainly fueled by a 15.2% price increase in the transport, fuel, and electricity category, coupled with a 3.6% rise in average monthly nominal wages for construction personnel, contributing 1.81 and 1.43 percentage points to the overall change, respectively. Furthermore, compared to February 2022, the Construction Cost Index has increased by 30.3%,” GeoStat stated in its report.

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image Deputy Minister of Economy attends China International Fair for Trade in Services, where Georgia features first-ever national pavilion

10.09.2026.18:28

Georgia’s Deputy Minister of Economy and Sustainable Development, Irakli Nadareishvili, is attending the China International Fair for Trade in Services (CIFTIS 2026) in Beijing, where Georgia features its inaugural national pavilion.

Organised by the Enterprise Georgia agency under the Ministry of Economy and Sustainable Development, the country’s debut participation is supported by the Embassy of Georgia to the People’s Republic of China, the Georgian National Tourism Administration, and the National Wine Agency.

At the Georgian pavilion, Deputy Minister Nadareishvili hosted Tang Wenhong, Vice Mayor of Beijing, who sampled Georgian wine on display. During the visit, the Vice Mayor was briefed on Georgia’s investment landscape and business environment.

CIFTIS is a premier international platform for trade in services, bringing together government agencies, international organisations, and corporate leaders.

Centred on the theme “Global Services, Shared Prosperity,” this year’s fair showcases 90 countries, regions, and international organisations, featuring over 1,800 participating companies on site.

According to the Ministry of Economy and Sustainable Development of Georgia, visitors to the Georgian national pavilion can explore insights into the country’s economy, business climate, and investment opportunities, as well as its strategic transport and logistics assets along the Middle Corridor, its innovation and tech ecosystem, tourism highlights, 8,000-year wine-making heritage, and export potential across goods and services.

Georgia’s presence at CIFTIS serves to showcase national capabilities to Chinese and global audiences, paving the way for deeper trade, investment, and tourism partnerships.

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