Tbilisi (GBC) - The World Bank has raised Georgia’s economic growth forecast for 2025 from 5.5 percent to 7 percent, according to its latest economic review. For 2026, the institution projects growth of up to 5.5 percent.
“According to the World Bank, Armenia’s economy is expected to grow by 5.2 percent this year, an upward revision of 1.2 percent. In Azerbaijan, the International Monetary Fund projects economic growth of up to 1.9 percent, while the World Bank has downgraded its forecast for the country by 0.7 percent.
It is noteworthy that, in recent weeks, not only the World Bank but also the European Bank for Reconstruction and Development and the Asian Development Bank have raised Georgia’s 2025 economic growth forecast to 7 percent. Meanwhile, the International Monetary Fund projects an even higher figure of 7.2 percent for Georgia,” World Bank’s report reads.
According to WB, remittance growth in the South Caucasus remains resilient as well, even as money transfers from Russia are normalizing following the surge in 2022–23.
Money transfers rose by 9.2 percent year on-year during January-July in Armenia and 5 percent in Georgia, as a drop in transfers from Russia, down nearly 30 percent in Georgia’s case, was offset by higher remittances from the European Union and the United States.
In the South Caucasus, growth is projected to slow to just above 3 percent, reflecting weaker expansion in Azerbaijan amid declining oil production, and a normalization of growth in Armenia and Georgia.
