Revised data from the National Statistics Office (GeoStat) shows that Georgia’s GDP reached GEL 93.02 billion in 2024, marking a 15% increase from the previous year.

Real GDP rose by 9.7%, while the GDP deflator—a measure of overall price changes—was 4.9%.

GeoStat reports that the biggest contributors to the economy were wholesale and retail trade (including vehicle repair) at 15.4%, followed by real estate activities at 9.8%. Manufacturing made up 9.7%, construction 8.5%, public administration and defence 6.8%, information and communication 6.4%, rural, forestry and fishing 6.3%, transport and storage 6.3%, and education 5.6%.

Compared to 2023, strong growth came from several sectors:

Wholesale and retail trade; vehicle repair (9.3%)

Information and communication (24.6%)

Education (28.2%)

Public administration and defence (15.5%)

Rural, forestry and fishing (13.5%)

Construction (12.2%)

Transport and storage (11.2%)

However, the electricity, gas, steam, and air conditioning supply sector saw a notable decline of 10.5%.