Indexes
April 2022 | GDP growth based on february 2022 data: a calm before the storm?
25
April
2022
ISET-PI has updated its real GDP growth forecast for the first and second quarters of 2022. Here are the highlights of this month’s release:
Geostat has released its rapid estimate of real GDP growth for February 2022. The estimated growth stands at 14.6%, while the average real GDP growth for January-February 2022 reached 16.3%.
ISET-PI predicted 4.6% and -4.6% growth for the first and second quarters of 2022 respectively, based on February 2022 data. Considering the rapid estimate of economic growth for January-February 2022, the Q1 forecast is expected to considerably underestimate the real GDP growth, while the negative growth in Q2 is driven in part by the high base effect from Q2 2021 when the quarter’s growth reached 28.9%. This data does not yet fully account for the negative impacts of the Russo-Ukrainian war on the national economy.
Consequently, according to the ISET-PI forecasting model, the annual growth in 2022 based on February data was expected to be 0.6% in the worst-case scenario, and 1.6% in the best-case or an average long-term growth scenario. Our middle-of-the-road scenario (based on the average growth in the last four quarters) predicted a 1% increase in real GDP.
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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%.
