Indexes
December 2017 GDP Forecast | October GDP growth data is in: Georgia at 5.7%, Armenia surges to 17.6% year on year
20
December
2017
ISET-PI updated its forecast of Georgia’s real GDP growth rate for the fourth quarter of 2017, and the first quarter of 2018. Here are the highlights of this month’s release:
Geostat updated its preliminary estimate of real GDP growth for the first and second quarters of 2017. The Q1 and Q2 GDP growth estimates were revised upward by 5.3% and 4.9%, respectively (0.2% higher than initial estimates). The third quarter estimates remained unchanged so far.
The real GDP growth rate reached 5.7 % y-o-y for October 2017. As a result, the estimated real GDP growth for the first ten months of 2017 was 4.9%.
ISET-PI’s real GDP growth forecast for the fourth quarter of 2017 remained at 4.6%.
Based on September’s data, we expect the annual growth in 2017 to be 4.8%.
ISET-PI forecasts GDP growth for the first quarter of 2018 to be 3.3%.
Recent Publications
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November 2024 | Economic growth anchored by lending and trade, challenged by currency depreciation
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%.
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%.
