Indexes
August 2017 GDP Forecast | Quarter 3 forecast revised downward, but strong tourism and export performance are set to boost growth
21
August
2017
ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the third quarter of 2017. Here are the highlights of this month’s release:
• Geostat has recently released its rapid estimate of economic growth for the second quarter of 2017, which now stands at 4%. As a result, estimated real GDP growth for the first half of 2017 reached 4.5%.
• The ISET-PI real GDP growth forecast for the third quarter of 2017 was revised downward to 5.3%.
• Based on June data, we expect annual growth in 2017 to be 5.0% in the worst-case or “no growth” scenario, and 5.3% in the best-case or “average long-term growth” scenario.
Recent Publications
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March 2025 | ISET-PI forecasts 2025 GDP growth between 4.1% and 6.8%; January growth hits 11.1% despite rising political tensions
20
March
2025
Geostat has published its preliminary estimate of real GDP growth for January 2025, which stands at 11.1%.
February 2025 | Georgia’s 2025 gdp outlook: growth amid trade gains, credit surges, and reserve pressures
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%.
January 2025 | Georgia’s GDP forecast: trade growth, reserves decline, and lending expansion
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%.
December 2024 | Georgia’s economic growth powered by trade and credit, amid political challenges
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%.
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%.
