ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the first and second quarters of 2020. Here are the highlights of this month’s release:
GeoStat has published its rapid estimate of real GDP growth for the fourth quarter of 2019. Their estimated growth stands at 5.3%, which is 0.7 percentage points above ISET-PI’s most recent forecast. The annual real GDP growth for 2019 amounted to 5.2%.
The real GDP growth rate reached 5.1% year-on-year for January 2020.
ISET-PI’s forecast for the first quarter of 2020 now stands at 4.9%—up from 4.3% in January. The second quarter growth forecast currently stands at 5.6%.
Based on the data from December, we expect annual growth in 2020 to be 5.0% in the worst-case scenario, and 6.1% in the best-case or the average long-term growth scenario. Our middle-of-the-road scenario (based on average growth in the last four quarters) predicts a 5.4% increase in real GDP.
20
March
2025
Geostat has published its preliminary estimate of real GDP growth for January 2025, which stands at 11.1%.
20
February
2025
Geostat has published its preliminary estimate of real GDP growth for December 2024, which stands at 6.7%, while the average annual real GDP growth reached 9.5%.
22
January
2025
Geostat has published its preliminary estimate of real GDP growth for November 2024, which stands at 7.5%. In addition, the estimated growth for the first, second, and third quarters of 2024 reached 8.7%, 9.7%, and 11%, respectively. Consequently, the average real GDP growth from January to November 2024 reached 9.4%.
20
December
2024
Geostat has published its preliminary estimate of real GDP growth for October 2024, which stands at 11%. In addition, the estimated growth for the first, second, and third quarters of 2024 reached 8.7%, 9.7%, and 11%, respectively. Consequently, the average real GDP growth from January to October 2024 reached 10%.
20
November
2024
GeoStat has published its preliminary estimate of real GDP growth for September 2024, which stands at 8.3%. In addition, the estimated growth for the first, second, and third quarters of 2024 reached 8.4%, 9.6%, and 11.1%, respectively. Consequently, the average real GDP growth from January to September 2024 reached 9.8%.
