Georgia’s Ministry of Finance reported that Minister Lasha Khutsishvili took part in a Central and Eastern Europe Forum session in Vienna and presented the country’s macroeconomic stance and key fiscal indicators, arguing that Georgia has outperformed European peers on growth while maintaining strong fundamentals. The Minister cited a five-year average annual GDP growth rate of 9.3% and cumulative real GDP growth of 56%, with GDP per capita rising from USD 5,000 to USD 10,000. Over the same period, the budget deficit decreased from 9% to 1.4%, public debt declined from 60% to 34%, and the current account deficit narrowed from 10% to 3%. Structural reforms and prudent fiscal and monetary policies were presented as key supports, alongside growth drivers including tourism (nearly 50% higher revenues than pre-pandemic), finance, information and communication technologies, education, construction and logistics; annual foreign direct investment was put at around 6% of GDP, with 80% originating from the European Union, the United Kingdom and the United States, and particular emphasis placed on a USD 6.6 billion investment by the EMAAR Group.
Ministry of Finance (Georgia) 2026-01-13
Georgia's Ministry of Finance sets out five-year growth and fiscal consolidation metrics at Central and Eastern Europe Forum
Georgia’s Finance Minister, Lasha Khutsishvili, highlighted at a Central and Eastern Europe Forum in Vienna that Georgia achieved a five-year average annual GDP growth rate of 9.3% and reduced its budget deficit from 9% to 1.4%, attributing success to structural reforms and prudent fiscal policies. Key growth sectors include tourism, finance, and ICT, with significant foreign direct investment, notably a USD 6.6 billion investment by EMAAR Group.