ISET

April 2022 | GDP growth based on february 2022 data: a calm before the storm?

25 April 2022

Geostat has released its rapid estimate of real GDP growth for February 2022. The estimated growth stands at 14.6%, while the average real GDP growth for January-February 2022 reached 16.3%.

February 2022 | Higher food and fuel prices on the global market drive inflation and dampen growth forecasts for Georgia

14 February 2022

Geostat has published its rapid estimate of real GDP growth for the fourth quarter of 2021, and their estimated growth stands at 9.5%, which is 1.4 percentage points below the ISET-PI’s most recent forecast. The annual real GDP growth in 2021 amounted to 10.6%, which is 0.2 percentage points lower than our recent prediction.

January 2022 GDP Forecast | Georgian economy continues to recover from covid-19 impact, but inflation threatens stability as food prices soar by 17.7 percent

17 January 2022

Recently, Geostat revised upward its real GDP growth for the third quarter of 2021 to 9.1% (by 0.1 ppt). The real GDP growth rate amounted to 12% year-on-year for November 2021. Consequently, the estimated real GDP growth for the first eleven months of 2021 was 10.7%.

November 2021 GDP Forecast | Georgian economic growth in 2021 driven mainly by the recovering external sector

15 November 2021

According to Geostat’s updated estimate, Q3 2021 growth rate stands at 9%. As a result, the real GDP growth estimate for the first nine months of 2021 is 11.3%.

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%.