The European Commission has released updated economic growth projections for EU member states and candidate countries. As the new report shows, Georgia’s expected economic growth for 2025 has been revised upward to 7.3%, an increase of 1.3 percentage points compared to the spring forecast. This makes Georgia the fastest-growing economy among all EU candidate countries.
The Commission’s updated 2025 growth projections for candidate countries are as follows:
- Georgia – 7.3% (+1.3 p.p.)
- Albania – 3.6% (no change)
- Türkiye – 3.4% (+0.6 p.p.)
- North Macedonia – 3.2% (+0.2 p.p.)
- Montenegro – 3% (no change)
- Serbia – 2.2% (−1 p.p.)
- Bosnia and Herzegovina – 1.8% (−0.2 p.p.)
- Moldova – 1.6% (+0.7 p.p.)
- Ukraine – 1.6% (−0.4 p.p.)
With this revision, Georgia not only shows the strongest growth outlook in the candidate group but also outperforms many EU member states.
Alongside candidate countries, the European Commission has also updated its expectations for the European Union as a whole. EU-wide growth is now projected at 1.4% in 2025, compared to the earlier estimate of 1.1%.
Among EU members, the highest growth in 2025 is expected in Ireland, where economic expansion is forecast to reach 10.7% — a significant upward revision of 7.3 percentage points from the spring projection. Malta follows with 4% growth, and Cyprus ranks third at 3.4%.
Here are the updated projections for EU member countries:
- Ireland – 10.7% (+7.3 p.p.)
- Malta – 4.0% (−0.1 p.p.)
- Cyprus – 3.4% (+0.4 p.p.)
- Croatia – 3.2% (no change)
- Poland – 3.2% (−0.1 p.p.)
- Bulgaria – 3.0% (+1 p.p.)
- Spain – 2.9% (+0.3 p.p.)
- Czechia – 2.4% (+0.5 p.p.)
- Lithuania – 2.4% (−0.4 p.p.)
- Greece – 2.1% (−0.2 p.p.)
- Denmark – 2.0% (−1.6 p.p.)
- Portugal – 1.9% (+0.1 p.p.)
- Netherlands – 1.7% (+0.4 p.p.)
- Sweden – 1.5% (+0.4 p.p.)
- Belgium – 1.0% (+0.2 p.p.)
- Latvia – 1.0% (+0.5 p.p.)
- Slovenia – 1.0% (−1 p.p.)
- Luxembourg – 0.9% (−0.8 p.p.)
- Slovakia – 0.8% (−0.7 p.p.)
- France – 0.7% (+0.1 p.p.)
- Romania – 0.7% (−0.7 p.p.)
- Estonia – 0.6% (−0.5 p.p.)
- Italy – 0.4% (−0.3 p.p.)
- Hungary – 0.4% (−0.4 p.p.)
- Austria – 0.3% (+0.6 p.p.)
- Germany – 0.2% (+0.2 p.p.)
- Finland – 0.1% (−0.9 p.p.)
