FX.co ★ Georgia GDP Grows 9.8% YoY in Q1

Georgia's economy saw a robust growth of 9.8% in its gross domestic product (GDP) during the first quarter of 2025, compared to the same period the previous year. This follows an 8.3% growth in the last quarter of 2024, marking the most significant economic acceleration since the end of 2022. This surge is largely attributed to a sharp rise in the transportation and storage sector, which expanded by 9.5% from 3.0% in the prior quarter, as well as notable growth in financial and insurance activities, which increased to 8.7% from 8.2%. The administrative and support services also saw a substantial boost, growing by 29.7% from 19.3%. Real estate activities experienced a turnaround, with production increasing by 12.9% compared to a previous decline of 2.3%. Conversely, there was a deceleration in mining and quarrying, which fell to 12.9% from 22.5%, and manufacturing which slightly dipped to 0.8% from 1.1%. The construction and education sectors also experienced slower growth at 4.5% and 27.7%, down from 7.4% and 36.2%, respectively. Additionally, electricity output decreased by 5.1% following a previous gain of 0.8%, and other service activities saw a decline of 5.2%, following a previous increase of 6.0%.