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September 2024 | Georgia sustains robust growth outlook: strengthened external sector and expanded lending drive economic momentum
Home Indexes GDP Forecast
23 September 2024

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ISET-PI has updated its real GDP growth forecast for the third and fourth quarters of 2024. Here are the highlights of this month’s release:

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%. 

ISET-PI forecasts Georgia's economy to grow by 7.9% in the third quarter and 6.4% in the fourth quarter of 2024. 

Based on July data, the annual growth in 2024 is expected to be 8.1%.

Tags: #index, #gdp forecast, #gdp growth, #economic growth, #trade, #export, #import, #inflation,

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