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.
Leading Economic Index in Georgia averaged 3.44 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 July of 2020.
Leading Economic Index in Georgia is expected to be 3.00 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 4.20 in 12 months time. In the long-term, the Georgia GDP YoY is projected to trend around 4.20 percent in 2021, according to our econometric models.