Indexes
September 2014 GDP Forecast | Alarming fall of growth rates
11
September
2014
ISET PI has updated the forecasts for Georgia’s real GDP growth rates using the July 2014 releases of various economic indicators.
Based on July data we made the 4th update of the Q3 forecast, and it was revised down from -7.6%, down to 3.7%.
We also begin to forecast the last quarter of 2014, the forecast is not promising, it is just 1.7%.
Meanwhile, Geostat has released the official quarterly growth GDP rate for the second quarter of 2014 and it is 5.2% (This data is still preliminary and will be revised in the future).
From 2014 we started to draw some conclusions about the annual growth rate for year 2014. Since we have already the final figures or forecasts for each quarter of 2014 we will not use the methodology which we have used in previous months and which is explained in our February and January publications. Yearly growth in 2014 is estimated to be 4.3%. If instead of our first vintage of fourth Quarter we will take the historical average of all previous quarters we will get the same 4.3% annual growth in 2014, which in itself is quite close to EBRD-s and World Banks estimation of GDP growth of Georgia, they are respectively 4 and 5%.
Recent Publications
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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%.
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%.
