ISET

February 2019 GDP Forecast | First predictions, middle-of-the-road scenario: Georgia’s real GDP is expected to grow by 4.4% in 2019

11 February 2019

Geostat has published its rapid estimate of real GDP growth for the fourth quarter of 2018, and their estimated growth stands at 4.8%, which is 1.1 percentage point above ISET-PI’s most recent forecast.

January 2019 GDP Forecast | Georgia’s overall GDP growth softens at the end of 2018, while exports, remittances, and tourism continue to expand

21 January 2019

Geostat updated its preliminary estimate of real GDP growth for the third quarter of 2018. The Q3 estimate was revised downward to 3.7% (0.3 percentage points lower than the previous estimate). The real GDP growth rate reached only 2.2% year-on-year for November 2018. Consequently, the estimated real GDP for the first eleven months of 2018 was revised downward to 4.7%.

Quarter 3 2018, Macro Review | Q3 growth is considerably weaker than in the 1st half of the year. Domestic retail and business loans show strong growth despite new tougher regulation on credi

24 December 2018

According to Geostat’s figures, in the third quarter (Q3) of 2018, Georgia’s real GDP experienced growth of 4% year over year (YoY). Despite the slowdown of the growth rate compared to the previous quarters, IMF recently revised their forecast of economic growth for Georgia upwardly, from 4.5% to 5.0%. Forecasts for other international organizations and the National Bank of Georgia (NBG) remained the same, while ISET-PI, based on October’s data, expect annual growth in 2018 to be 4.6% YoY.

December 2018 GDP Forecast | Real GDP growth is expected to reach 4.6% in 2018, as manufacturing, trade and construction sectors drive strong performance in October

10 December 2018

Geostat recently updated its preliminary estimate of real GDP growth for the first and second quarters of 2018. The Q1 and Q2 GDP growth estimates were revised downward to 5.2% and 5.6%, respectively. The third quarter estimates so far remained unchanged.

November 2018 GDP Forecast | Construction falters, while the external sector continues to improve in September 2018

12 November 2018

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 the 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.