ISET

March 2020 GDP Forecast | Georgia’s growth prospects before COVID-19, and how things may change due to pandemic

31 March 2020

The annual real GDP growth for 2019 amounted to 5.2%, while the real GDP growth rate reached 5.1% year-on-year for January 2020. Before taking into consideration the negative consequences of COVID-19 on the real GDP growth forecast, ISET-PI predicted 4.7% and 5.4% growth for the first and second quarters of 2020 respectively, based on data from January 2020.

February 2020 GDP Forecast | Excess inflation drags down GDP forecast for 2020. Growth is helped by strong exports, remittances and tourism numbers from December

28 February 2020

GeoStat has published its rapid estimate of real GDP growth for the fourth quarter of 2019. Their estimated growth stands at 5.3%, which is 0.7 percentage points above ISET-PI’s most recent forecast. The annual real GDP growth for 2019 amounted to 5.2%. The real GDP growth rate reached 5.1% year-on-year for January 2020.

January 2020 GDP Forecast | Georgia realizes the “best case scenario” growth rate of 5.2% predicted a year ago

31 January 2020

Geostat has published its rapid estimate of real GDP growth for the fourth quarter of 2019, and their estimated growth stands at 5.3%, which is 0.7 percentage points above ISET-PI’s most recent forecast. The real GDP growth rate reached 3.8% year-on-year for December 2019.

December 2019 GDP Forecast | Tourism and remittances grow; FDI and capital spending improve, but food price inflation spoils the mood this holiday season

23 December 2019

The real GDP growth rate reached 5.7% y/y in October 2019. As a result, the estimated real GDP growth for the first ten months of 2019 was 5.1%. ISET-PI’s real GDP growth forecast for the fourth quarter of 2019 remains at 4.4%.

November 2019 GDP Forecast | Doomsday no more: improved trade balance and resilient external sector keep Georgia’s annual growth projections in line with last year’s performance

18 November 2019

Recently, GeoStat has released its preliminary estimate of real GDP growth for the third quarter of 2019. The Q3 growth rate now stands at 5.7%, which is 1.4% below ISET-PI’s last forecasted value. As a result, the estimated real GDP growth for the first nine months of 2019 amounted to 5.0%.