Indexes
May 2024 | Economic growth stays strong despite risks: export/import drops, remittance challenges, and low inflation
24
May
2024
ISET-PI has updated its real GDP growth forecast for the second and third quarters of 2024. Here are the highlights of this month’s release:
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%.
Following a recent update in Geostat's GDP calculation methodology in December, the revised growth rates exhibit an upward trend compared to the previous months’ figures since the previous release. Consequently, our GDP growth forecast has been adjusted upwards to reflect this change.
ISET-PI forecasts Georgia's economy to grow by 7.9% in the second quarter and 6.1% in the third quarter of 2024.
According to March data, the annual growth in 2024 is projected to be 7.1% in the worst-case scenario and 8.8% in the best-case or average long-term growth scenario. Our median scenario, reflecting the average growth from the past four quarters, forecasts an 8.2% increase in real GDP.
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April 2024 | National and foreign currency deposits, merchandise trade, and remittances: key drivers of Georgia's April 2024 GDP forecast
25
April
2024
Due to a recent update in Geostat's GDP calculation methodology in December, revised growth rates show an upward trend compared to the previous month's figures. Consequently, our forecast for GDP growth has been adjusted upwards to reflect this change.
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%.
