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.