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.

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Georgia GDP YoY

Actual Previous Highest Lowest Dates Unit Frequency
9.90 18.70 44.80 -16.60 2012 - 2021 percent Monthly
NSA, PP=000


Calendar GMT Actual Previous Consensus TEForecast
2021-06-01 07:00 AM Apr 44.8% 4% 19%
2021-06-30 08:00 AM May 25.8% 44.8% 37%
2021-07-30 08:00 AM Jun 18.7% 25.8% 23%
2021-08-31 07:00 AM Jul 9.9% 18.7% 14%
2021-09-30 07:00 AM Aug 9.9%
2021-10-29 07:00 AM Sep
2021-11-30 07:00 AM Oct
2021-12-31 07:00 AM Nov


News Stream
Georgia GDP Growth Eases in July
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.
2021-08-31
Georgia Economy Advances 18.7% in June
The economy of Georgia advanced 18.7 percent year-on-year in June of 2021, following a 25.8 percent expansion in the previous month. It still remained the third fastest growth on record, as the economic recovery continues to unfold at double-digit growth levels. Real growth was observed across most sectors of the economy, most significantly in manufacturing; financial and insurance activities; transportation and storage; trade; hotels and restaurants; real estate activities; and construction. However, output declined in mining and quarrying.
2021-07-30
Georgia Economy Continues Recovery in May
The economy of Georgia expanded 25.8 percent year-on-year in May of 2021, following a 44.8 percent surge in the previous month. It was the second steepest expansion on records, as the economy continued its recovery from the COVID-19 downturn. Real growth was observed across most sectors of the economy, most significantly in manufacturing; financial and insurance activities; trade; real estate activities; hotels and restaurants; construction; transportation and storage.
2021-06-30
Georgian Economy Rebounds at Record Pace in April
The economy of Georgia surged 44.8 percent year-on-year in April of 2021, following a 4.0 percent increase in the previous month. It was the second straight month of decline in the economy, and the steepest expansion on records, as the economy continued its recovery from the COVID-19 downturn. Real growth was observed in manufacturing; construction; trade; transportation and storage; hotels and restaurants; financial and insurance activities; real estate activities; and professional, scientific, and technical activities. Meanwhile, mining and quarrying activities continued to weigh down the economy.
2021-06-01

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.