According to the current review of Galt & Taggart, 9.2% growth of Georgia's economy is expected in the 2022 baseline growth forecast, while 10.6% growth - in the alternative scenario (which is based on the continuation of high growth of foreign inflows until the end of the year).
"According to the updated data, in the 2nd quarter of 2022, the real GDP of Georgia increased by 7.1% (according to the initial estimate, the growth rate amounted to 7.2%). In the mentioned period, the following industries made a high positive contribution to the economic growth: energy supply (+75.9%), transport (+18.6%), information and communication (+27.7%), agriculture (+10.9%), education (+12.0%) and trade (+3.0%). At the same time, the health care (-12.7%), construction (-3.2%) and real estate (-2.7%) sectors made a negative contribution to the economic growth," - the review states.
It should be noted that the Government of Georgia has adjusted the GDP growth rate, and in 2022, the real economic growth rate is expected to be 8.5%, instead of 6%.
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One US dollar trades at GEL 2.7174
10/07/2025
