Indexes
June 2014 GDP Forecast | Little has changed in quarterly growth patterns
11
June
2014
ISET-PI has updated its forecasts for Georgia’s real GDP growth rates using the April 2014 releases of various economic indicators.
The growth forecast for the second quarter of 2014 has been revised downward from 7.7% to 7.45%.
The growth forecast for the third quarter of 2014 has been targeted at 7.1%. Meanwhile, Geostat has released the GDP growth rate for the first quarter of 2014 and its preliminary estimates for April. These are 7.4% and 2.7% respectively. The April growth rate seems to be very low in relation to our forecast, but this low growth figure is most likely due to the relatively high GDP increase in April last year.
Since the beginning of the year, we have been drawing some conclusions about the annual growth rate for 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 6.2% at the very least, and it is more likely to be somewhere around 6.6%.
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%.
