According to the latest World Bank report, growth in the South Caucasus will slow to just over 3% in 2025.
After growing by 5.7% in 2024, the South Caucasus economy will grow by 3.7% this year and by 3.3% in 2026.
The World Bank has revised its forecast for Georgia’s 2025 economic growth to 7%, marking a 1.5 percentage point increase from its previous projection. The updated figures were released in the Bank’s latest regional economic review, mentioning Georgia’s stronger-than-expected performance in 2024 as the main reason for the upward revision.
The report also provided new projections for neighboring countries: Armenia’s growth outlook improved to 5.2%, while Azerbaijan’s and Russia’s forecasts declined to 1.9% and 0.9%, respectively. Turkey’s growth expectation was raised slightly to 3.5%.
