Georgia’s IT Sector on the Brink of a New Boom

In the first quarter of 2025, Georgia’s IT sector continues on an upward trajectory, with its growth becoming a central topic in the region’s economic agenda. According to the latest data from the National Bank of Georgia, the sector generated $266 million in foreign revenue—a staggering 70% increase (or $110 million) compared to the same period last year. This is an unprecedented figure in the context of the country’s economic dynamics. Considering that Georgia’s total IT export revenue in 2024 stood at $688 million—slightly below the 2023 record of $784 million—it’s clear the sector is regaining momentum, with all signs pointing toward new record highs in 2025.

Several key factors have contributed to this growth. One of the most influential has been the migration effect—in recent years, thousands of IT specialists from Russia, Ukraine, and Belarus have relocated to Georgia. Their integration into the local market has significantly impacted employment statistics. While in 2021, around 30,600 people were employed in the information and communication sector, that number grew to 39,000 in 2022, and surpassed 48,000 by 2024. This wave of migration has not only expanded the volume of services provided but also brought international attention to Georgia as an emerging tech platform.

But the sector’s momentum isn’t only visible in employment numbers. As of Q1 2025, the average monthly salary in the information and communication sector reached 4,255 GEL—a 4.6% year-over-year increase, significantly above the national average. This solidifies the IT industry as one of the highest-paying fields in Georgia, which in turn is drawing increasing interest from young professionals pursuing careers in technology.

The sector’s growing significance in Georgia’s overall economic development is also evident. According to the National Statistics Office of Georgia (GeoStat), IT is now one of the key drivers of economic growth in 2025. Interest from international companies continues to rise, attracted by Georgia’s competitive fundamentals—low operating costs, a highly skilled workforce, and close proximity to Western markets—offering new business opportunities.

However, the sector still faces notable challenges. For Georgia to fully realize its innovation potential, it must modernize its education system, upgrade IT infrastructure, and deepen its global integration. While the recent migration wave has accelerated short-term growth, the long-term sustainability of the sector increasingly depends on the quality of local talent, a robust innovation ecosystem, and stronger international linkages.

Today, Georgia’s IT sector is not just a growth engine—it is entering a new phase where each milestone reached is merely a foundation for greater achievements. The country’s tech industry has already positioned itself as a regional player, and the opportunities for future expansion are more promising than ever before.