Georgia's GDP shrank by 5.3 percent from a year earlier in August of 2020, following a 5.5 percent contraction in July.

Leading Economic Index in Georgia averaged 3.15 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 October of 2020.

Leading Economic Index in Georgia is expected to be -1.50 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 8.50 in 12 months time. In the long-term, the Georgia GDP YoY is projected to trend around 5.50 percent in 2021, according to our econometric models.

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Georgia GDP YoY

Actual Previous Highest Lowest Dates Unit Frequency
-5.30 -5.50 8.40 -16.60 2012 - 2020 percent Monthly
NSA, PP=000

Calendar GMT Actual Previous Consensus TEForecast
2020-06-30 07:15 AM May -13.5% -16.6%
2020-08-03 05:00 AM Jun -7.7% -13.5% -10%
2020-09-03 07:00 AM Jul -5.5% -7.7% -5.5%
2020-09-30 07:40 AM Aug -5.3% -5.5% -2.9%
2020-10-30 07:00 AM Sep -5.3% -1.5%
2020-11-30 07:00 AM Oct
2020-12-31 07:00 AM Nov

News Stream
Georgia Economy Shrinks 7.7% YoY in June
The economy of Georgia shrank 7.7 percent year-on-year in June of 2020, following a 13.5 percent contraction in the previous month. Near all activities fell. Considering the first half of the year, the GDP contracted 5.8 percent.
Georgia GDP Shrinks for 3rd Month
The economy of Georgia shrank 13.5 percent year-on-year in May of 2020, following a record 16.6 percent contraction in the previous month. Near all activities fell. Considering the first five months of the year, the GDP dropped 5.4 percent.
Georgia GDP Shrinks the Most on Record in April
The economy of Georgia shrank 16.6 percent year-on-year in April of 2020, following a 2.7 percent contraction in the previous month. It was the sharpest drop since available records began in July of 2012. Declines were recorded in almost all activities, except mining and quarrying. In the first four months of the year, economic activity shrank by 3.6 percent.
Georgia GDP Growth Slowest in 15 Months
The economy of Georgia advanced by 2.2 percent year-on-year in February of 2020, decelerating from a 5.1 percent growth in the previous month. This was the weakest expansion since November of 2018, amid decreases posted by manufacturing, construction, transportation & storage. Meanwhile, output grew in wholesale & retail trade; repair of motor vehicles and motorcycles, information & communication, real estate activities, accommodation & food service activities.

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.