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GDP Forecast
The Georgian Index of Leading Economic Indicators provides current-quarter and one-quarter-ahead GDP forecasts for those who need to make business and policy decisions and cannot wait until the official statistics are announced several months later. According to methodology, our forecast is similar
to those conducted by leading research institutes around the world. In particular, ISET-PI adapted the methodology that was originally developed by the New Economic School to forecast GDP for the Russian Federation. We would like to acknowledge the help of Prof. Konstantin Styrin (NES) who agreed to share his MATLAB code with ISET-PI, and the assistance of Dr. Andrei Sarychev in modifying and adapting the code for Georgia’s needs.
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February 2024 | Currency gains, trade contraction, and remittance normalization: key drivers of Georgia's revised 2024 GDP forecast
26 February 2024

Geostat has released its rapid estimate of real GDP growth for December 2023. The estimated growth stands at 8.3%, while the average annual real GDP growth reached 7%.

January 2024 | Analyzing economic trends in Georgia: moderate growth in foreign currency deposits, annual decline in exports, remittances adjust for migration impact, below-target inflation
29 January 2024

Geostat has released its rapid estimate of real GDP growth for November 2023. The estimated growth stands at 5.9%, while the average real GDP growth for January-November 2023 reached 6.9%.

December 2023 | Economic momentum revealed: deposits soar, trade increases mostly driven by re-export, and remittances shift – Georgia's GDP growth chronicles
11 January 2024

Geostat has released its rapid estimate of real GDP growth for October 2023. The estimated growth stands at 6.2%, while the average real GDP growth for January- October 2023 reached 6.9%.

November 2023 | Remittances dip as one-time impact expires, money supply sustains growth, marginal contraction in credit expansion, and inflation approaches zero
11 December 2023

Geostat has released its rapid estimate of real GDP growth for September 2023. The estimated growth stands at 5.1%, while the average real GDP growth for January-September 2023 reached 6.8%.

October 2023 | Balancing acts: Georgia's trade deficit shrinks, remittances wane, and inflation holds steady, while consumer credit and money supply surge
23 October 2023

Geostat has released its rapid estimate of real GDP growth for August 2023. The estimated growth stands at 5.8%, while the average real GDP growth for January- August 2023 reached 7%.

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