Page 14 - GEORptFeb21

3.0​ ​Macro Economy
Georgia - Main Macro Indicators 2015 2016 2017 2018 2019 Q1 Q2 Q3 2020* 2020 2020
GDP real growth (y/y, %)
3.0 2.6 4.8 4.8 5.0 2.3 -13.2 -5.6
GDP per capita (at current prices), 4,012.6 4,062.1 4,358.5 4,722.0 4,696.2 1,016.3 952.9 1,156.2 USD
GDP per capita (at current prices), GEL
9,109.4 9,614 10,934 11,968 13,239 2,974.3 2,999.2 3,586.7
GDP at current prices, (USD bn)
14.9 15.1 16.2 17.6 17.5 3.8 3.5 4.3
GDP at current prices, (GEL bn)
33.9 35.8 40.8 44.6 50.0 11.1 11.1 13.3
GDP deflator (y/y, %)
5.8 2.6 8.5 4.4 6.6 7.1 7.2 5.9
Source: Geostat
3.1 ​Macroeconomic overview
Think tank ISET-PI revises down Q4-Q1 GDP forecast
Independent university-based economic think tank ISET Policy Institute (ISET-PI) ​has revised​ downwards its real GDP growth forecast for Georgia in the fourth quarter of 2020 to -5.2% y/y and in the first quarter of 2021 to -3.5% y/y.
But the impact of the coronavirus lockdown in December and January might
14​ GEORGIA Country Report​ February 2021 ​ ​www.intellinews.com