Indexes
November 2018 GDP Forecast | Construction falters, while the external sector continues to improve in September 2018
12
November
2018
ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the fourth quarter of 2018. Here are the highlights of this month’s release:
Recently, Geostat has released its preliminary estimate of real GDP growth for the third quarter of 2018. The Q3 growth rate now stands at 4.0%, which is 3.2% below ISET-PI’s last forecasted value. As a result, the estimated real GDP growth for the first nine months of 2018 amounted to 4.9%.
ISET-PI revised its forecast of real GDP growth for the fourth quarter of 2018 to 3.7% - down from 6.4% in October.
Based on September’s data, we expect annual growth in 2018 to be 4.7%. This number is in line with the IMF’s growth forecast for 2018, but behind the NBG’s growth projections for the same period. Despite the fact that NBG’s forecast of real GDP growth for 2018 remained unchanged at 5.5%, IMF has cut its economic growth forecast for Georgia from 5.5% to 5.0%. The revision occurred in the wake of economic difficulties in the region and the pending (or already enacted) credit restrictions that have put pressure on consumption and investment.
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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%.
July 2024 | Strong growth forecast persists despite May 2024 trade decline, remittance drop, and lari depreciation
22
July
2024
Geostat has published its preliminary estimate of real GDP growth for May 2024, which stands at 9.2%. In addition, the estimated growth for the first quarter of 2024 reached 8.4%, which is 0.6 ppt higher than the previous estimate. As a result, the average real GDP growth for January - May 2024 reached 9.3%.
June 2024 | Resilient GDP growth forecast despite trade and remittance challenges in April
24
June
2024
Geostat has published its preliminary estimate of real GDP growth for April 2024, which stands at 11.8%. In addition, the estimated growth for the first quarter of 2024 reached 7.8%.
May 2024 | Economic growth stays strong despite risks: export/import drops, remittance challenges, and low inflation
24
May
2024
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%.
