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.