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Georgia · Horizon published 10 Oct 2026 · Source published 30 September 2026 · Reviewed 10 Oct 2026

Georgia: services data show different trajectories across travel, digital and transport

Georgia’s central bank reported second-quarter services data in which travel, computer/information and transport services moved differently.

Verified facts

  • The National Bank of Georgia reported total services exports of USD 2.1 billion in Q2 2026, with a services surplus of USD 1.1 billion.
  • The release reports computer and information services exports up 79.8% year on year to USD 400.2 million, while travel services exports were USD 1.1 billion and down 3.8% year on year.
  • Transport services exports were reported at USD 417.1 million, equivalent to 4.0% of GDP in the quarter.
  • The National Bank states that the release follows the IMF Balance of Payments Manual, Fifth Edition methodology. The published series is therefore a period- and methodology-bound external-sector measure, not an operating, revenue, customer or profitability record for a named provider.
  • The IMF’s June 2026 Article IV material identifies ICT and transport among the activity drivers in its macroeconomic assessment, alongside external and inflation risks. This independent context predates the Q2 release and does not validate a particular service, customer, route, supplier, buyer or commercial outcome.

Horizon view

The divergence is a reason to avoid a single “Georgia services” narrative. A digital, logistics or hospitality proposition needs separate buyer-system, asset or route, regulatory and delivery evidence. The NBG series and IMF macroeconomic discussion should inform the questions, not be presented as sector demand or an entry recommendation.

Commercial implication and next step

Frame discovery around the exact service: customer type and economic buyer, purchasing route, local delivery, regulation, assets/interfaces where relevant, service levels, price/cost model, currency, invoicing, payment security and collection. Do not use aggregate services exports as a proxy for accessible demand, operator capacity, partner quality or commercial return.

What to verify before acting

Balance-of-payments data and macroeconomic context are period-bound aggregate statistics. They do not reveal which companies purchase a service, the terms available to foreign suppliers, technical/route capacity, regulatory permission, payment certainty or profitability of an entry route. This item is not Georgia financial, digital, transport, tourism, investment, tax or legal advice.

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