updated its real GDP growth forecast for the fourth quarter of 2023 and the first quarter of 2024. Here are the highlights of this month’s release:
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%.
ISET-PI predicted 6.2% and 2.7% growth for the fourth quarter of 2023 and the first quarter of 2024, respectively.
Based on September data, the annual growth in 2023 is expected to be 7.1%.
In addition, the National Bank of Georgia expects a 6% real GDP growth in 2023. According to the Monetary Policy Report, among the reasons behind the prediction are large foreign inflows, that continue to make a substantial contribution to economic activity (e.g., domestic spending and service exports), as well as production factors’ rising productivity along with improved investments.
20
November
2025
According to the ISET Policy Institute's latest projections, based on September’s data, Georgia's economy is expected to grow by 6.7% in the fourth quarter of 2025 and 5.2% in the first quarter of 2026. The annual growth in 2025 is expected to be 7.6%.
20
October
2025
According to the ISET Policy Institute's latest projections, based on August’s data, Georgia's economy is expected to grow by 5.8% in the third quarter and 6.3% in the fourth quarter of 2025. The annual growth in 2025 is expected to be 7.3%.
22
September
2025
According to the ISET Policy Institute's latest projections, based on July’s data, Georgia's economy is expected to grow by 5.8% in the third quarter and 6.3% in the fourth quarter of 2025. The annual growth in 2025 is expected to be 7.3%.
20
August
2025
According to the ISET Policy Institute's latest projections, based on June’s data, Georgia's economy is expected to grow by 5.8% in the third quarter and 6.3% in the forth quarter of 2025. The annual growth in 2025 is expected to be 7.3%.
20
July
2025
According to the ISET Policy Institute's latest projections, based on May’s data, Georgia's economy is expected to grow by 8.2% in the second quarter and 6.5% in the third quarter of 2025. The annual growth in 2025 is expected to be 6% in the worst-case scenario and 7.6% in the best-case or an average long-term growth scenario.
