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. Leading Economic Index in Georgia averaged 3.80 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.

Leading Economic Index in Georgia is expected to be 4.00 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 3.80 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.

Georgia GDP YoY
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 07:00 AM GDP YoY 4.6% 3.5%
2019-04-30 07:20 AM GDP YoY 6.0% 4.6% 4.5%
2019-05-31 07:00 AM GDP YoY 5.1% 6.0% 5.1%
2019-06-28 07:20 AM GDP YoY 4.7% 5.1% 4.9%
2019-07-30 07:00 AM GDP YoY 4.7%
2019-08-30 07:00 AM GDP YoY
2019-09-28 07:30 AM GDP YoY


Georgia Business Last Previous Highest Lowest Unit
Industrial Production 9.00 7.00 35.10 -5.00 percent [+]
Manufacturing Production 5.60 6.40 41.30 -4.30 percent [+]
Changes in Inventories 311.50 506.70 512.00 -261.70 GEL Million [+]
Leading Economic Index 4.70 5.10 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 -5.50 11.00 119.80 -66.39 percent [+]
Competitiveness Index 60.88 59.85 60.88 3.75 Points [+]
Competitiveness Rank 66.00 67.00 93.00 66.00 [+]
Business Confidence 29.90 35.40 40.40 3.60 Index Points [+]
Ease of Doing Business 6.00 9.00 24.00 6.00 [+]
Corruption Index 58.00 56.00 58.00 18.00 Points [+]
Corruption Rank 41.00 46.00 133.00 41.00 [+]


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. This page provides - Georgia Leading Economic Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia GDP YoY - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.70 5.10 8.40 -0.80 2012 - 2019 percent Monthly
NSA, PP=000




Country Last Previous
Argentina 0.90 May/19
Australia -0.10 Jun/19
Brazil 0.54 May/19
Canada 0.30 Apr/19
Japan 95.20 May/19
Mexico -1.40 Apr/19
Russia 0.20 May/19
Singapore 109.30 Mar/19
South Africa 0.70 Apr/19
South Korea 114.40 May/19
Turkey 1.73 May/19
United Kingdom 0.30 May/19
United States 127.88 May/19


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