ISET

September 2023 | Georgia’s growth forecast soars on exchange rate appreciation and remittance data

25 September 2023

Geostat has released its rapid estimate of real GDP growth for July 2023. The estimated growth stands at 5.5%, while the average real GDP growth for January-July 2023 reached 7.2%.

Quarter 1 2023, Macro Review | Georgian economy moves ahead, but fears of global headwinds mar the start of 2023

03 July 2023

The global economy remains in a volatile state amid the prolonged effects of the combined negative shocks of the pandemic, Russia’s invasion of Ukraine, high inflation, and the tightening monetary policy. Although the global economy remained resilient at the beginning of the year, the situation is expected to worsen.

April 2023 | Business and consumer confidence indicators diverge, reflecting uncertainty facing the Georgian economy

01 May 2023

Geostat has released its rapid estimate of real GDP growth for February 2023. The estimated growth stands at 5.8%, while the average real GDP growth for January-February 2023 reached 7.1%.

September 2021 GDP Forecast | Inflation hurts Georgia’s GDP forecast, while recovery of remittances and real exchange rate appreciation make a positive impact

27 September 2021

Recently, Geostat has released the preliminary estimate of real GDP growth for the second quarter of 2021, which now stands at 29.9%. The real GDP growth rate reached 9.9% year-on-year in July 2021. Consequently, the estimated real GDP for the first seven months of 2021 amounted to 12.2%.

March 2021 GDP Forecast | Growth ups and downs projected in the first two quarters point to an uncertain recovery in 2021

17 March 2021

The real GDP growth rate amounted to -11.5% year-on-year for January 2021. As a result of the update, the growth forecast for Q1 of 2021 remained unchanged, at -5.4%. ISET-PI’s second forecast for Q2 of 2021 puts GDP growth at a positive 11%.