ISET

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.

Quarter 4 2019, Macro Review | The 2019 Georgian economy – a year in review

03 February 2020

According to Geostat, the 2019 real GDP growth in Georgia was 5.1% year-over-year (YoY). This figure moderately surpassed NBG’s, ADB’s, EBRD’s, IMF’s and the World Bank’s latest growth projections for 2019, which range from 4.5%-4.7%. However, the real winner in this race was ISET-PI’s annual GDP growth forecast; in May 2019, we predicted a 4.9% annual growth.

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%.

Quarter 3 2019, Macro Review | Georgia’s external demand and projected GDP growth remain strong – for now. But headwinds from the global economic slowdown pose a real threat

27 November 2019

According to the preliminary statistics released by GeoStat, Georgia’s real GDP growth constituted 5.7% year over year (y/y) in Q3 2019. As a result, estimated real GDP growth for the first nine months of 2019 amounted to 5.0%, which is above the National Bank of Georgia’s (NBG) growth forecast for 2019 (the forecast remained unchanged at 4.5%). Meanwhile, based on September’s data, ISET-PI expects annual growth in 2019 to be 4.9%.