Indexes
May 2019 GDP Forecast | Georgian economy exhibits relatively strong growth at the start of the year. Inflation remains low, while short-term consumer credit declines following tougher lending
13
May
2019
ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the second quarter of 2019. Here are the highlights of this month’s release:
Geostat has released its GDP growth estimate for the first quarter of 2019. The Q1 growth stands at 4.7%, which is only 0.4 percentage points above the recent ISET-PI forecast.
ISET-PI’s forecast of real GDP growth for the second quarter of 2019 stands at 4.7% - up from 4.6% in April.
Based on March data, we expect annual growth in 2019 to be 4.6% in the worst-case or “no growth” scenario, and 5.6% in the best-case or “average long-term growth” scenario. Our “middle-of-the-road” scenario (based on average growth over the last four quarters) predicts 4.9% real GDP growth in 2019.
According to the recent Monetary Policy Report (May 2019), the National Bank of Georgia’s (NBG) forecast of real GDP growth remained unchanged at 5% in 2019. According to NBG, annual real GDP growth this year will be driven by the improved trade balance, and increased consumption and investment spending supported by capital expenditures of the government and moderate growth of loans.
Recent Publications
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March 2024 | Growth surge or temporary blip? ISET-PI unveils key factors shaping Georgia's economy
25
March
2024
Geostat has released its rapid estimate of real GDP growth for January 2024. The estimated growth stands at 5.8%, while the estimated growth of 2023 reached 7.5%.
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%.
