The economy of Georgia expanded 4.7 percent year-on-year in May of 2019, slowing from a 5.1 percent gain in the previous month, mainly due to a decrease in manufacturing and construction. Meantime, main positive contributions to growth came from real estate, renting and business activities, trade, hotels and restaurants. Leading Economic Index in Georgia averaged 3.80 percent from 2012 until 2019, reaching an all time high of 8.40 percent in December of 2013 and a record low of -0.80 percent in December of 2012.
Leading Economic Index in Georgia is expected to be 5.30 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 4.10 in 12 months time. In the long-term, the Georgia GDP YoY is projected to trend around 4.20 percent in 2020, according to our econometric models.