ISET

March 2026 | Robust growth prospects for Georgia in 2026: strong domestic demand and improved trade balance

20 March 2026

According to the ISET Policy Institute's latest projections, Based on January’s data, Georgia's economy is expected to grow by 5.1% in the first quarter of 2026 and 6.3% in the second quarter of 2026. The annual growth in 2026 is expected to be 4.9% in the worst-case scenario, and 6.3% in the best-case or an average long-term growth scenario.

October 2023 | Balancing acts: Georgia's trade deficit shrinks, remittances wane, and inflation holds steady, while consumer credit and money supply surge

23 October 2023

Geostat has released its rapid estimate of real GDP growth for August 2023. The estimated growth stands at 5.8%, while the average real GDP growth for January- August 2023 reached 7%.

December 2020 GDP Forecast | Decline in global oil prices drives trade balance and inflation rate improvements in Georgia

16 December 2020

The real GDP growth rate amounted to -3.9% year-on-year for October 2020. Consequently, the estimated real GDP for the first ten months of 2020 was -5.1%. Recently, GeoStat released its preliminary estimate of real GDP growth for the first and second quarters of 2020. The Q1 and Q2 growth rates were revised downward to 2.2% (by 0.1 ppt) and -13.2% (by 0.9 ppt) respectively.

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%.

May 2019 GDP Forecast | Georgian economy exhibits relatively strong growth at the start of the year. Inflation remains low, while short-term consumer credit declines following tougher lending

13 May 2019

Geostat has released its GDP growth estimate for the first quarter of 2019. The Q1 growth stands at 4.7%, which is only 0.4 percentage points above the recent ISET-PI forecast. ISET-PI’s forecast of real GDP growth for the second quarter of 2019 stands at 4.7% - up from 4.6% in April.