The economy of Georgia expanded 6.4 percent year-on-year in November of 2019, accelerating from a 5.7 percent gain in the previous month. This was the strongest economy growth rate since October last year. Positive contributions came from manufacturing, transport and storage, construction, wholesale and retail trade, repair of motor vehicles and motorcycles. Meantime, decreases were reported in real estate; and art, entertainment and recreation activities.

Leading Economic Index in Georgia averaged 3.90 percent from 2012 until 2019, reaching an all time high of 8.40 percent in December of 2013 and a record low of -0.80 percent in December of 2012. This page provides - Georgia Leading Economic Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Leading Economic Index in Georgia is expected to be 5.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Georgia to stand at 4.20 in 12 months time. In the long-term, the Georgia GDP YoY is projected to trend around 4.20 percent in 2020, according to our econometric models.


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Georgia GDP YoY

Actual Previous Highest Lowest Dates Unit Frequency
6.40 5.70 8.40 -0.80 2012 - 2019 percent Monthly
NSA, PP=000

Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 07:30 AM Aug 5.8% 6.1% 6.5%
2019-10-31 07:00 AM Sep 5.2% 5.8% 5.3%
2019-11-29 07:00 AM Oct 5.7% 5.2% 5.0%
2019-12-31 07:00 AM Nov 6.4% 5.7% 6.5%
2020-01-31 07:00 AM Dec 6.4% 5.9%


News Stream
2019-11-29
Georgia GDP Growth Accelerates to 5.7% in October
The economy of Georgia expanded 5.7 percent year-on-year in October of 2019, accelerating from a 5.2 percent gain in the previous month. Positive contributions came from hotels, and restaurants, information and communication, and manufacturing. Meantime, decreases were reported in mining and quarrying, art, entertaintment and recreation activities.

2019-10-31
Georgia GDP Growth Weakest in 3 Months
The economy of Georgia expanded 5.2 percent year-on-year in September of 2019, slowing from a 5.8 percent gain in the previous month. This was the weakest economy growth, since June. Positive contributions came from construction, transport, trade, hotels, restaurants, and manufacturing. Meantime, decreases were reported in mining and quarrying and in other community, and personal service activities.

2019-09-30
Georgia GDP Grows 5.8% YoY in August
The economy of Georgia expanded 5.8 percent year-on-year in August of 2019, slowing from a 6.1 percent gain in the previous month, mainly due to an increase in construction, transport, other community, social and personal service activities, trade, manufacturing and hotels and restaurants. Meantime, a decrease was registered in mining and quarrying and in electricity, gas and water supply.

2019-08-30
Georgia GDP Expands the Most in 9 Months
The economy of Georgia expanded 6.1 percent year-on-year in July of 2019, accelerating from a 5.0 percent gain in the previous month. I mainly due to an increase in construction, manufacturing, trade, real estate, renting and business activities. Meantime, a decrease was registered for mining and quarrying and electricity, gas and water supply.

2019-07-31
Georgia GDP Grows 5.0% YoY in June
The economy of Georgia expanded 5.0 percent year-on-year in June of 2019, accelerating from a 4.7 percent gain in the previous month, mainly due to an increase in industry, real estate, renting and business activities, construction, trade, transport, hotels and restaurants. Meantime, a decrease was registered in financial intermediation.

2019-06-28
Georgia GDP Grows 4.7% YoY in May
The economy of Georgia expanded 4.7 percent year-on-year in May of 2019, slowing from a 5.1 percent gain in the previous month, mainly due to a decrease in manufacturing and construction. Meantime, main positive contributions to growth came from real estate, renting and business activities, trade, hotels and restaurants.


Georgia GDP YoY
Leading Economic Index in Georgia refers to the change in the value of the goods and services produced by the country economy (GDP) compared to the corresponding month in the previous year.

Georgia Business Last Previous Highest Lowest Unit
Industrial Production 16.90 2.90 35.10 -5.00 percent [+]
Manufacturing Production 20.50 3.10 41.30 -4.30 percent [+]
Changes in Inventories 339.50 327.20 512.00 -261.70 GEL Million [+]
Leading Economic Index 6.40 5.70 8.40 -0.80 percent [+]
Internet Speed 8774.17 8242.93 8774.17 535.00 KBps [+]
IP Addresses 508938.00 489558.00 527752.00 40728.00 IP [+]
Mining Production 8.30 -3.50 119.80 -66.39 percent [+]
Competitiveness Index 60.61 60.88 60.88 3.75 Points [+]
Competitiveness Rank 74.00 66.00 93.00 66.00 [+]
Business Confidence 8.30 27.00 40.40 3.60 points [+]
Ease of Doing Business 7.00 6.00 24.00 6.00 [+]
Corruption Index 56.00 58.00 58.00 18.00 Points [+]
Corruption Rank 44.00 41.00 133.00 41.00 [+]