Indexes
January 2020 GDP Forecast | Georgia realizes the “best case scenario” growth rate of 5.2% predicted a year ago
31
January
2020
ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the fourth quarter of 2019 (the final update) and the first quarter 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, and their estimated growth stands at 5.3%, which is 0.7 percentage points above ISET-PI’s most recent forecast.
The real GDP growth rate reached 3.8% year-on-year for December 2019.
Utilizing the latest data, annual real GDP growth in 2019 amounted to 5.2% (the first rapid estimate). By February of 2019 (the very first forecast), our model predicted 4.4% and 5.2% real growth in the “middle-of-the-road” and “best-case” scenarios respectively. Moreover, our annual GDP forecasts of 4.9% (since November) and 5% (in January, the very last forecast), were revealed to be quite accurate.
According to the most recent (second vintage) forecast for 2020, the growth rate in the first quarter is predicted to be 4.3%.
Recent Publications
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October 2024 | Economic indicators for georgia's growth: august 2024 gdp boosted by lending expansion and trade gains
25
October
2024
Geostat has published its preliminary estimate of real GDP growth for July 2024, which stands at 13%. In addition, the estimated growth for the first and second quarters of 2024 reached 8.4% and 9.6%, respectively. Consequently, the average real GDP growth from January to August 2024 reached 10%.
September 2024 | Georgia sustains robust growth outlook: strengthened external sector and expanded lending drive economic momentum
23
September
2024
Geostat has published its preliminary estimate of real GDP growth for July 2024, which stands at 13%. In addition, the estimated growth for the first and second quarters of 2024 reached 8.4% and 9.5%, respectively. As a result, the average real GDP growth from January to July 2024 was 9.7%.
July 2024 | Strong growth forecast persists despite May 2024 trade decline, remittance drop, and lari depreciation
22
July
2024
Geostat has published its preliminary estimate of real GDP growth for May 2024, which stands at 9.2%. In addition, the estimated growth for the first quarter of 2024 reached 8.4%, which is 0.6 ppt higher than the previous estimate. As a result, the average real GDP growth for January - May 2024 reached 9.3%.
June 2024 | Resilient GDP growth forecast despite trade and remittance challenges in April
24
June
2024
Geostat has published its preliminary estimate of real GDP growth for April 2024, which stands at 11.8%. In addition, the estimated growth for the first quarter of 2024 reached 7.8%.
May 2024 | Economic growth stays strong despite risks: export/import drops, remittance challenges, and low inflation
24
May
2024
Geostat has published its preliminary estimate of real GDP growth for March 2024, which stands at 8.2%. In addition, the estimated growth for the first quarter of 2024 reached 7.8%.
