Georgia posts robust 6.4% economic growth for May, pushing year-to-date expansion to 7.8%
According to preliminary estimates, Georgia’s real GDP grew by 6.4% in May. Consequently, the economic growth rate for the first five months of the year (January–May) reached a 7.8%.
Figures released by the Ministry of Economy and Sustainable Development reveal that the turnover of VAT-paying enterprises climbed by 8.7% compared to the same period last year. In addition, newly registered businesses increased by 2.2% to a total of 6,542 entities.
May’s economic performance was heavily driven by buoyant activity across several key sectors, most notably: information and communication, financial and insurance services, manufacturing, transport and storage, healthcare, and real estate operations.
The Ministry of Economy also highlighted that the positive trends in foreign trade have significantly bolstered the strong economic momentum seen between January and May. In detail, total exports rose by 19.8% to USD 3,107.7 million, whilst domestic exports, excluding re-exports, surged by 66.1% to USD 1,929.1 million.
These sustained positive trends and high growth figures clearly demonstrate that the Georgian economy continues to maintain its resilient upward trajectory.
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Deputy Minister of Economy meets IMO Secretary-General Arsenio Dominguez at Maritime Summit
03.07.2026.20:07
The Deputy Minister of Economy and Sustainable Development, Tamar Ioseliani, has held a meeting with the Secretary-General of the UN International Maritime Organisation (IMO), Arsenio Dominguez, the Ministry of Economy has announced.
According to the Ministry, the meeting took place on the sidelines of the Turkish Maritime Summit.
“The discussions focused on ongoing reforms in the maritime sector, the implementation of international standards, and opportunities to strengthen future partnerships. Particular attention was paid to maritime safety, support for seafarers, digital transformation, and bolstering Georgia’s role as a vital maritime hub in the Black Sea region.
Discussions focused heavily on developing Georgia’s transport and logistics infrastructure, with a particular emphasis on the port sector, highlighting its strategic role as a Middle Corridor hub. According to the Deputy Minister, Georgia is leveraging its geographical advantage to transform into a modern, reliable, and competitive transport and logistics hub. By 2032, the country plans to invest approximately USD 7 billion in modernising its transport network, encompassing the integrated development of maritime, rail, road, and digital infrastructure.
In this context, the Deputy Minister highlighted the Anaklia Deep Sea Port project. Tamar Ioseliani noted that marine infrastructure works, carried out by the internationally renowned Belgian company Jan De Nul, are already underway. By 2029, upon the completion of the first phase, the port’s throughput capacity will reach at least 600,000 TEU, enabling the country to accommodate large Panamax-class vessels.
It was noted that strengthening the Middle Corridor directly contributes to the resilient and seamless functioning of global supply chains. The IMO Secretary-General highly commended Georgia’s recent achievements in the maritime sector. Ivane Abashidze, Director of the Maritime Transport Agency, also participated in the meeting,” the Ministry of Economy’s statement read.