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Tornike Surguladze
Davit Keshelava

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GDP Forecast
The Georgian Index of Leading Economic Indicators provides current-quarter and one-quarter-ahead GDP forecasts for those who need to make business and policy decisions and cannot wait until the official statistics are announced several months later. According to methodology, our forecast is similar
to those conducted by leading research institutes around the world. In particular, ISET-PI adapted the methodology that was originally developed by the New Economic School to forecast GDP for the Russian Federation. We would like to acknowledge the help of Prof. Konstantin Styrin (NES) who agreed to share his MATLAB code with ISET-PI, and the assistance of Dr. Andrei Sarychev in modifying and adapting the code for Georgia’s needs.
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June 2025 | June 2025 leading GDP forecast: strong growth expectations despite external and domestic pressures in Georgia
20 June 2025

According to the ISET Policy Institute's latest projections, based on Aprils 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.
May 2025 | Robust growth amid uncertainty: Georgia’s leading GDP forecast signals up to 7.1% expansion in 2025
20 May 2025

According to the ISET Policy Institute's latest projections, based on March 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.
April 2025 | ISET Policy Institute predicts 5.9% real GDP growth for Georgia in 2025 under baseline scenario
21 April 2025

Geostat has published its preliminary estimate of real GDP growth for February 2025, which stands at 7.7%.
March 2025 | ISET-PI forecasts 2025 GDP growth between 4.1% and 6.8%; January growth hits 11.1% despite rising political tensions
20 March 2025

Geostat has published its preliminary estimate of real GDP growth for January 2025, which stands at 11.1%.
February 2025 | Georgia’s 2025 gdp outlook: growth amid trade gains, credit surges, and reserve pressures
20 February 2025

Geostat has published its preliminary estimate of real GDP growth for December 2024, which stands at 6.7%, while the average annual real GDP growth reached 9.5%.
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