Georgia’s economy and market data in 2026

Population, production and foreign trade

Geostat, Georgia’s national statistics office, publishes the population, national accounts, merchandise trade and foreign-investment series used here. The figures show an economy with fewer than four million residents, nominal annual output above GEL 100 billion and substantial movement of goods across its borders. Population, output and trade measure different things; their relationship is more informative than any one headline. All values below are those available on 3 November 2026.

Download the figures, definitions and source addresses as CSV. The file also identifies the calculations below. Figures are a dated snapshot of the official series, rather than a live feed. Geostat identifies the 2025 GDP figures as preliminary and schedules a revision for 13 November 2026. [1]

Growth and trade in the first nine months of 2026

Geostat's release of 30 October 2026 estimates real GDP growth of 6.0% in September against September 2025, and average growth of 7.4% for January–September. Its merchandise-trade table covers the same nine-month reporting period. These rapid estimates are preliminary; they are presented separately from the full-year 2025 series. [6]

The investment period ends in June, while the trade period ends in September. As a result, these are two different snapshots of 2026. The nine-month growth estimate describes economic activity through September; the investment total records flows during the first half of the year. Neither is a forecast for the complete year.

Tbilisi’s concentration and the role of re-exports

Tbilisi accounts for about one third of the census population

Dividing Tbilisi's 1,331,485 residents by the national census total of 3,929,581 gives 33.88%. This is our calculation from the same census, not a separate Geostat indicator. This concentration helps explain the capital’s importance to retailers, employers and service businesses. Population share is not the same as spending share: visitors, commuters and businesses also purchase goods and services in the city. Regional demand has its own geography, including agricultural customers, coastal tourism and industrial buyers. [3]

Re-exports change the interpretation of export figures

Subtracting domestic exports from total merchandise exports gives USD 3,927.5 million. On these published, rounded values, re-exports represent approximately 53.89% of the 2025 total. This is another calculation made for this guide. A large export category may therefore reflect trading and distribution activity as well as Georgian production. An increase in total exports can therefore come from trading imported goods onwards, as well as from selling goods produced in Georgia. The two activities support different businesses: domestic production depends on local processing and inputs, while re-export trade creates demand for stock finance, handling, storage and international distribution. [4]

What Georgia’s merchandise imports include

Georgia’s 2025 merchandise imports were approximately 2.56 times its merchandise exports, calculated from the published values. The difference was USD 11,360.7 million. This is a goods-trade balance, not the country’s entire external balance: tourism receipts, transport and other services are accounted for elsewhere. [4]

The distinction matters to a foreign supplier. An imported machine used by a Georgian factory, fuel consumed by a transport business and an imported product later re-exported all enter goods statistics, but do not represent the same kind of final consumer purchase. A high import value can indicate dependence on overseas supply while also reflecting Georgia’s intermediary role in regional trade. For a particular product, the relevant questions concern its commodity classification and its ultimate use, rather than the national total alone.

Real growth, nominal output and the currency of a quotation

The 7.5% figure for 2025 measures real growth after allowing for price changes. GEL 104.6 billion is nominal output at current prices. USD 38.1 billion is the dollar presentation of that output. These figures do not describe three separate markets. The preliminary national-accounts series is scheduled for revision on 13 November 2026. [1]

Currency also affects how business results are read. A Georgian distributor may sell in lari but buy stock in euros or dollars. A larger lari sales value can reflect more units, a different product mix or a higher selling price. Similarly, dollar-denominated national output can move with exchange rates as well as domestic activity. The real-growth series is useful precisely because it addresses a different question from current-price turnover.

Investment flows and the date of the statistical picture

The adjusted foreign direct investment total for 2025 is USD 1,900.4 million. Geostat’s 2026 first-half observations are USD 281.3 million for the first quarter and USD 468.8 million for the second, together USD 750.1 million. The preliminary first-half total is not a count of newly registered foreign companies or a valuation of all foreign-owned assets in Georgia. Geostat separately publishes investment by country, economic sector, region and component. [5]

The same distinction between a dated observation and a current quotation runs through the whole reference. The final 2024 census and the January 2026 population estimate refer to different dates. Trade values use customs-based definitions and can be revised. The source file records units, reporting periods and status so that each number can be followed back to its publication.

Download the complete data and calculations as CSV. Our market research service adds local buyer, competitor and price research to public statistics. The Georgian market-entry checklist covers registration, tax and import documents. For a study of a particular industry, contact our team in Tbilisi.