Indexes
December 2014 GDP Forecast | The Georgian economy looks forward to a robust growth result for 2014
11
December
2014
ISET-PI has updated its forecasts for Georgia’s real GDP growth rates using the October 2014 releases of various economic indicators.
Based on the October data, the growth forecast for the last quarter of 2014 was revised upward from 1.1% to 3.6%.
We have started to forecast the first quarter of 2015, with the initial forecast standing at 3.2%.
Meanwhile, Geostat’s “rapid estimate” growth forecast for the month of October is 3.5%.
We started drawing conclusions about the annual growth rate for 2014 at the beginning of the year (see our January and February publications for a note on our methodology). We used the forecasts available for each quarter to predict that Georgia’s GDP growth in 2014 will be 5.3%. This figure is quite close to the official 5% annual growth forecast made by the Georgian government.
Recent Publications
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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%.
