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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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March 2026 | Robust growth prospects for Georgia in 2026: strong domestic demand and improved trade balance
20 March 2026

According to the ISET Policy Institute's latest projections, Based on January’s data, Georgia's economy is expected to grow by 5.1% in the first quarter of 2026 and 6.3% in the second quarter of 2026. The annual growth in 2026 is expected to be 4.9% in the worst-case scenario, and 6.3% in the best-case or an average long-term growth scenario.
February 2026 | Georgia 2026: growth momentum under tight monetary conditions and external volatility
20 February 2026

According to the ISET Policy Institute's latest projections, Based on December’s data, Georgia's economy is expected to grow by 5.1% in the first quarter of 2026 and 6.3% in the second quarter of 2026. The annual growth in 2026 is expected to be 4.9% in the worst-case scenario, and 6.3% in the best-case or an average long-term growth scenario.
January 2026 | Georgia’s growth momentum Under tight monetary conditions: GDP Forecast update, January 2026
20 January 2026

According to the ISET Policy Institute's latest projections, based on September’s data, Georgia's economy is expected to grow by 6.6% 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%.
December 2025 | Georgia’s economy in 2025: robust growth, inflation pressures, and external risks
22 December 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%.
November 2025 | Trade Gains, rising dollarization, and firm domestic demand shape Georgia’s near-term growth
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%.
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