Georgia
A fast-growing, bank-led economy on the Black Sea, and the western gateway for trade crossing the South Caucasus.
Georgia's economy grew 9.7% in 2024 and 7.5% in 2025, according to Geostat. Its financial system is dominated by two London-listed banks, Bank of Georgia (Lion Finance Group) and TBC, which together hold about three-quarters of the banking system's loans.
The country's ports at Poti and Batumi and its railway link the Caspian to the Black Sea, which places Georgia on the Middle Corridor between Central Asia and Europe. Its political relationship with the European Union has deteriorated since 2024, while sovereign credit metrics have improved.
Key indicators
- Real GDP growth
- 7.5%2025, preliminary · Geostat
- Nominal GDP
- USD 38.1bn2025; GEL 104.6bn · Geostat
- GDP per capita
- USD 10,2972025 · Geostat
- Annual inflation
- 5.6%August 2026 · Geostat
- Policy rate
- 8.25%Set May 2026 · National Bank of Georgia
- Public debt
- 34.3% of GDP2025 · IMF Article IV 2026
- Sovereign rating, S&P
- BB, positiveAugust 2026 · S&P via National Bank of Georgia
- Currency
- Georgian lari (GEL)
CIG research on Georgia
Research library
07 OCT 2026
CIG Research
Georgia
CIG Research·Georgia·07 OCT 2026Georgia's Capital Markets: A Banking System with a Stock Exchange AttachedGeorgian finance is two very profitable banks, a local bond market that has started to work, and an equity market that exists mainly in London.
10 min
Georgia in data
CIG DataGeorgian finance is almost entirely bank balance sheets
Size of each market as a share of GDP, %, end-2025
Dollarisation has fallen steadily, with a political setback in 2024
Share of bank deposits and loans in foreign currency, %, year-end