Indexes
November 2015 Macro Review | Exchange rate pressure is off. Output growth picks up in October
04
December
2015
According to recently released statistics, the Georgian economy continued on a stable trajectory of low- single-digit growth in September and October. The rapid growth estimates for October show 3% GDP growth, definitely an improvement over the 2.2% growth in September. The estimated average real GDP growth rate in the first ten months of 2015 was 2.8% year on year.
The latest figures point to the strong possibility that Georgia will close out the year with annual real GDP growth above the 2% projected by IMF for 2015.
In the third quarter of 2015, estimated real GDP growth reached 2.5% year on year. This was very close to ISET-PI’s third quarter forecast of 2.6%.
At the same time, ISET-PI’s Leading Economic Indicators forecast puts 2015 annual GDP growth at about 3%.
Recent Publications
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Q2 2025 Macro Review | Services momentum, external resilience, and policy steadiness
06
October
2025
According to GeoStat’s preliminary estimates in the second quarter of 2025, Georgia’s nominal GDP reached GEL 25 347.0 million, with a year-over-year real GDP growth of 7.3% and a GDP deflator change of 4.8%. Per-capita GDP stood at GEL 6,842. The economic expansion was largely driven by strong growth in several key sectors.
Quarter 1, 2025 Macro Review | Sustained growth and stability in an uncertain global landscape
01
July
2025
According to GeoStat’s preliminary estimates in the first quarter of 2025, Georgia’s nominal GDP reached GEL 21,798.2 million, with a year-over-year real GDP growth of 9.8% and a GDP deflator change of 3.4%. The economic expansion was largely driven by strong growth in several key sectors. The most notable increases were observed in Education (+27.7%), Information and communication (+28.5%), Administrative and support service activities (29.7%), Human health and social work activities (17.9%).
Quarter 4, 2024 Macro Review | Georgia’s economic performance in Q4 2024: strong growth amidst stabilizing inflation and shifting external dynamics
28
February
2025
According to GeoStat’s preliminary estimates in the fourth quarter of 2024, Georgia’s nominal GDP reached GEL 25,309.6 million, with a year-over-year real GDP growth of 8.3% and a GDP deflator change of 4.0%. The economic expansion was largely driven by strong growth in several key sectors. The most notable increases were observed in Education (+36.2%), Information and communication (+29.7%), Human health and social work activities (23.6%), Mining and quarrying (22.5%).
Quarter 3, 2024 Macro Review | Economic progress under pressure: Georgia’s Q3 2024 growth and challenges
08
January
2025
According to GeoStat’s preliminary estimates in the second quarter of 2024, Georgia’s nominal GDP reached GEL 24,855.7 million, with a year-over-year real GDP growth of 11.0% and a GDP deflator change of 4.3%. The growth was driven by significant increases in value-added across various sectors: Education activities rose by 35.6%, Information and communication rose by 32.8%, Construction by 30.9%, Financial and insurance activities by 22.9%, Public administration and defense, including social security by 14.7% and Wholesale and retail trade, including repair of motor vehicles and motorcycles by 11%. Conversely, there was a decline in value-added in electricity, gas, steam, and air conditioning supply by 13.6% and in Real estate activities by 4.9%.
Quarter 2, 2024 Macro Review | Strong gdp growth driven by key sectors amid global and domestic challenges
02
October
2024
According to GeoStat’s preliminary estimates in the second quarter of 2024, Georgia’s nominal GDP reached GEL 22,101.7 million, with a year-over-year real GDP growth of 9.6% and a GDP deflator change of 2.5%. The growth was driven by significant increases in value-added across various sectors: Accommodation and food service activities rose by 35.7%, Education by 21.3%, household activities as employers and producers of goods and services for personal use by 17.3%, Transportation and storage by 16.1%, Public administration and defense, including social security, by 13.3%, and Construction by 13%.
