Indexes
July 2014 GDP Forecast | High growth rates are maintained
11
June
2014
ISET PI has updated the forecasts for Georgia’s real GDP growth rates using the May 2014 releases of various economic indicators.
The growth forecast for the 2nd quarter of 2014 has been revised upward from 7.5% to 7.7%.
The growth forecast for the 3rd quarter of 2014 has been revised upward from 7.1% to 7.5%.
Meanwhile, Geostat has released an official quarterly growth GDP rate for the first quarter of 2014 and it is quite impressive 7.1%. (This data is still preliminary and will be revised)
From 2014 we started to draw some conclusions about annual growth rate for year 2014. The methodology that we use and the scenario description are explained in our February and January publications. Given these developments, we expect the annual growth rate in 2014 to be 6.5% at the very least and more likely somewhere around 6.9%.
Recent Publications
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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%.
May 2024 | Economic growth stays strong despite risks: export/import drops, remittance challenges, and low inflation
24
May
2024
Geostat has published its preliminary estimate of real GDP growth for March 2024, which stands at 8.2%. In addition, the estimated growth for the first quarter of 2024 reached 7.8%.
