The economy of Georgia shrank by 7.9 percent year-on-year in December of 2020, following a 7.7 percent drop in the previous month. This was the tenth straight month of decline in the economy, and the steepest contraction since May, amid the coronavirus pandemic. Negative contributions came from accommodation and food service activities, construction, arts, entertainment and recreation, manufacturing, transportation and storage, wholesale and retail trade, repair of motor vehicles and motorcycles. source: National Statistics Office of Georgia

Leading Economic Index in Georgia averaged 2.82 percent from 2012 until 2020, reaching an all time high of 8.40 percent in December of 2013 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 February of 2021.

Leading Economic Index in Georgia is expected to be -5.50 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 5.50 in 12 months time. 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
-7.90 -7.70 8.40 -16.60 2012 - 2020 percent Monthly
NSA, PP=000


Calendar GMT Actual Previous Consensus TEForecast
2020-10-30 07:00 AM Sep -0.7% -5.3% -1.5%
2020-11-30 07:00 AM Oct -3.9% -0.7% -0.5%
2020-12-31 07:00 AM Nov -7.7% -3.9% -4.1%
2021-01-29 07:00 AM Dec -7.9% -7.7% -3.5%
2021-02-26 07:00 AM Jan -7.9% -7.5%
2021-03-31 07:00 AM Feb
2021-04-29 07:00 AM Mar
2021-05-31 07:00 AM Apr


News Stream
Georgia Economy Shrinks the Most in 7 Months
The economy of Georgia shrank by 7.9 percent year-on-year in December of 2020, following a 7.7 percent drop in the previous month. This was the tenth straight month of decline in the economy, and the steepest contraction since May, amid the coronavirus pandemic. Negative contributions came from accommodation and food service activities, construction, arts, entertainment and recreation, manufacturing, transportation and storage, wholesale and retail trade, repair of motor vehicles and motorcycles.
2021-01-29
Georgia Economy Shrinks the Most in 5 Months
The economy of Georgia shrank 7.7 percent year-on-year in November of 2020, following a 3.9 percent contraction in the previous month. This was the ninth straight month of decline in the economy, and the steepest contraction since June, amid the coronavirus pandemic. Negative contributions came from most sectors, except financial and insurance activities and information and communication. Considering the first eleven months of the year, the economy contracted by 5.9 percent.
2020-12-31
Georgia Economy Shrinks 3.9% YoY in October
The economy of Georgia shrank 3.9 percent year-on-year in October of 2020, following a 0.7 percent contraction in the previous month. This was the eighth straight month of decline in the economy, amid the coronavirus pandemic. Negative contributions came from almost all sectors, other than financial and insurance activities. Considering the first ten months of the year, the economy contracted by 5.1 percent.
2020-11-30
Georgia Economy Shrinks at Softer Pace in September
The economy of Georgia shrank 0.7 percent year-on-year in September of 2020, following a 5.3 percent contraction in the previous month. This was the seventh straight month of decline in the economy, amid the coronavirus pandemic. Negative contributions came from transport and storage, accommodation and food service activities, arts, entertainment and recreation, construction, professional, scientific and technical activities, information and communication. Meantime, increases were reported in manufacturing, mining and quarrying, wholesale and retail trade, financial and insurance activities.
2020-10-30

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.