Subscribe
Logo
Sopio Mkervalidze
Giorgi Nebulishvili
Davit Keshelava

Indexes

Home Indexes Macroeconomic Review
Macroeconomic Review
Macroeconomic Review of the Georgian economy is a quarterly publication. The publication offers a comprehensive review and an economic interpretation of the existing data trends, which are based on monthly statistics from GeoStat, NBG, and other sources.
See More... Close
Filter By:
Date From
Date To
Quarter 3 2020, Macro Review | Georgia’s Q3 economic blues reflect the realities of the global supply and demand double shock
11 December 2020

According to the preliminary statistics released by GeoStat, Georgia’s real GDP contracted by 3.8% year over year (y/y) in Q3 2020. As a result, the estimated real GDP declined by 5.0% in the first nine months of 2020, which is in line with the International Monetary Fund’s (IMF) and National Bank of Georgia’s (NBG) latest projections of -5% y/y (from October and November correspondingly).
Quarter 2 2020, Macro Review | In the eye of the hurricane: Georgia’s economic performance from April to June 2020
24 September 2020

The COVID-19 outbreak has negatively affected the Georgian economy through a reduction in FDI, exports of goods and services, and remittances. In addition, uncertainties caused by the pandemic and containment measures hit consumption and domestic investment. As a result of this reduction in aggregate demand, combined with increased production costs due to pandemic-related constraints, GDP is expected to contract by 5% in 2020 according to NBG’s latest monetary report.
Quarter 1 2020, Macro Review | Early signs of pandemic
15 April 2020

In March 2020 as a result of the COVID-19 pandemic, the global economy started to sink into what is expected to be the deepest worldwide recession since World War II. Despite unprecedented policy support, the majority of countries have failed to soften the fallout from the crisis. According to World Bank estimates, global GDP will contract by 5.2% year over year (y/y) in 2020. The United States and Euro Area are projected to shrink by 6.1% and 9.1% respectively, while the Chinese economy is expected to grow at just 1% in 2020.
Quarter 4 2019, Macro Review | The 2019 Georgian economy – a year in review
03 February 2020

According to Geostat, the 2019 real GDP growth in Georgia was 5.1% year-over-year (YoY). This figure moderately surpassed NBG’s, ADB’s, EBRD’s, IMF’s and the World Bank’s latest growth projections for 2019, which range from 4.5%-4.7%. However, the real winner in this race was ISET-PI’s annual GDP growth forecast; in May 2019, we predicted a 4.9% annual growth.
Quarter 3 2019, Macro Review | Georgia’s external demand and projected GDP growth remain strong – for now. But headwinds from the global economic slowdown pose a real threat
27 November 2019

According to the preliminary statistics released by GeoStat, Georgia’s real GDP growth constituted 5.7% year over year (y/y) in Q3 2019. As a result, estimated real GDP growth for the first nine months of 2019 amounted to 5.0%, which is above the National Bank of Georgia’s (NBG) growth forecast for 2019 (the forecast remained unchanged at 4.5%). Meanwhile, based on September’s data, ISET-PI expects annual growth in 2019 to be 4.9%.
Subscribe