Indexes
October 2019 GDP Forecast | August data keeps growth forecast steady, but downward correction looms
21
October
2019
ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the third and fourth quarters of 2019. The highlights of this month’s release are as follows:
ISET-PI’s forecast of real GDP growth for the third quarter (July-September) of 2019 remains at 7.1%, unchanged from last month’s prediction. While the third estimate for the fourth quarter (October-December) growth forecast stands at 5.5%.
Geostat recently published its preliminary estimate of real GDP growth for August, which currently stands at 5.8%. As a result, the real GDP growth estimate for the first eight months of 2019 was reduced to 5%.
Based on the data from August, annual growth in 2019 is expected to be 5.5%. Although the growth forecast remains stable, we expect a downward correction of annual GDP growth towards the end of the year because we have not fully taken into consideration impeded tourist inflows, deteriorated foreign direct investments, and the increased risk of negative external shocks.
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January 2025 | Georgia’s GDP forecast: trade growth, reserves decline, and lending expansion
22
January
2025
Geostat has published its preliminary estimate of real GDP growth for November 2024, which stands at 7.5%. In addition, the estimated growth for the first, second, and third quarters of 2024 reached 8.7%, 9.7%, and 11%, respectively. Consequently, the average real GDP growth from January to November 2024 reached 9.4%.
December 2024 | Georgia’s economic growth powered by trade and credit, amid political challenges
20
December
2024
Geostat has published its preliminary estimate of real GDP growth for October 2024, which stands at 11%. In addition, the estimated growth for the first, second, and third quarters of 2024 reached 8.7%, 9.7%, and 11%, respectively. Consequently, the average real GDP growth from January to October 2024 reached 10%.
November 2024 | Economic growth anchored by lending and trade, challenged by currency depreciation
20
November
2024
GeoStat has published its preliminary estimate of real GDP growth for September 2024, which stands at 8.3%. In addition, the estimated growth for the first, second, and third quarters of 2024 reached 8.4%, 9.6%, and 11.1%, respectively. Consequently, the average real GDP growth from January to September 2024 reached 9.8%.
October 2024 | Economic indicators for georgia's growth: august 2024 gdp boosted by lending expansion and trade gains
25
October
2024
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 9.6%, respectively. Consequently, the average real GDP growth from January to August 2024 reached 10%.
September 2024 | Georgia sustains robust growth outlook: strengthened external sector and expanded lending drive economic momentum
23
September
2024
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%.
