The economy of Georgia advanced 9.9 percent year-on-year in July 2021, easing from a 18.7 percent expansion in the previous month. The GDP has been growing at solid rates in recent months, reflecting a low base year triggered by the coronavirus crisis and a steady recovery in demand and activity as the economy reopened. Real growth in July was observed particularly in financial and insurance activities, manufacturing, hotels and restaurants, transportation and storage, and trade. However, output declined in construction and mining and quarrying. source: National Statistics Office of Georgia
Leading Economic Index in Georgia averaged 3.44 percent from 2012 until 2021, reaching an all time high of 44.80 percent in April of 2021 and a record low of -16.60 percent in April of 2020. This page provides - Georgia Leading Economic Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Leading Economic Index in Georgia is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia GDP YoY is projected to trend around 5.50 percent in 2022, according to our econometric models.