Indexes
January 2019 GDP Forecast | Georgia’s overall GDP growth softens at the end of 2018, while exports, remittances, and tourism continue to expand
21
January
2019
ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the fourth quarter of 2018 (final update), and the first quarter of 2019. These are the highlights of this month’s release:
Geostat updated its preliminary estimate of real GDP growth for the third quarter of 2018. The Q3 estimate was revised downward to 3.7% (0.3 percentage points lower than the previous estimate).
The real GDP growth rate reached only 2.2% year-on-year for November 2018. Consequently, the estimated real GDP for the first eleven months of 2018 was revised downward to 4.7%.
ISET-PI’s real GDP growth forecast for the fourth quarter of 2018 was reduced to 3.4%.
Based on November’s data, annual growth in 2018 is expected to be 4.5%.
According to the most recent (second vintage ) forecast for 2019, the growth rate in the first quarter is expected to be 2.8%.
The National Bank of Georgia’s forecast for real GDP growth in 2018 remained the same at 5.5%, while the World Bank predicts 5.3% growth. It is notable that NBG has maintained the growth forecast at 5% for 2019. This number coincides with the WB’s recent estimate.
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%.
