Indexes
March 2025 | ISET-PI forecasts 2025 GDP growth between 4.1% and 6.8%; January growth hits 11.1% despite rising political tensions
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March
2025
ISET Policy Institute has updated its real GDP growth forecast for the first and second quarters of 2025. Here are the highlights of this month’s release:
Geostat has published its preliminary estimate of real GDP growth for January 2025, which stands at 11.1%.
ISET-PI forecasts Georgia's economy to grow by 8.6% in Q1 and 7.2% in Q2 of 2025. However, this forecast might be slightly overestimating growth, as the ongoing political tensions and turmoil have not yet been reflected in the data. The model relies on data up to December 2025, capturing only the first three months of the political crisis.
Based on January data, the annual growth in 2025 is expected to be 4.1% in the worst-case scenario, and 6.8% in the best-case or an average long-term growth scenario. Our middle-of-the-road scenario (based on the average growth in the last four quarters) predicts a 5.9% increase in real GDP.
Recent Publications
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November 2025 | Trade Gains, rising dollarization, and firm domestic demand shape Georgia’s near-term growth
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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%.
October 2025 | Georgia’s 2025 economic outlook: balancing strong domestic growth with external headwinds
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October
2025
According to the ISET Policy Institute's latest projections, based on August’s data, Georgia's economy is expected to grow by 5.8% in the third quarter and 6.3% in the fourth quarter of 2025. The annual growth in 2025 is expected to be 7.3%.
September 2025 | September 2025 outlook: Georgia’s GDP growth anchored by domestic demand and monetary caution
22
September
2025
According to the ISET Policy Institute's latest projections, based on July’s data, Georgia's economy is expected to grow by 5.8% in the third quarter and 6.3% in the fourth quarter of 2025. The annual growth in 2025 is expected to be 7.3%.
August 2025 | Georgia’s 2025 outlook: solid growth, tight policy, and global uncertainty
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August
2025
According to the ISET Policy Institute's latest projections, based on June’s data, Georgia's economy is expected to grow by 5.8% in the third quarter and 6.3% in the forth quarter of 2025. The annual growth in 2025 is expected to be 7.3%.
July 2025 | Economic growth forecast strong at 7.1% in 2025: Georgia faces inflation pressures and external volatility
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July
2025
According to the ISET Policy Institute's latest projections, based on May’s 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.
