Page 14 - GEORptJun20

conducted by CRRC-Georgia from November 19 to December 13. The average margin of error was +/- 1.9%.
3.0​ ​Macro Economy
Georgia - Main Macro Indicators 2015 2016 2017 2018 2019*
GDP real growth (y/y, %)
3.0 2.6 4.8 4.8 5.1
GDP per capita (at current prices), 4,012.6 4,062.1 4,358.5 4,722.0 4,763.5 USD
GDP per capita (at current prices), GEL
9,109.4 9,613.9 10,933.9 11,968.0 13,428.9
GDP at current prices, (USD bn)
14.9 15.1 16.2 17.6 17.7
GDP at current prices, (GEL bn)
33.9 35.8 40.8 44.6 50.0
GDP deflator (y/y, %)
5.8 2.6 8.5 4.4 6.6
Source: Geostat
3.1 ​Macroeconomic overview
Georgian parliament budget committee forecasts 10.7% plunge in Q2 GDP
The budget committee of the Georgian parliament has said it expects the economy to shrink by 10.7% y/y in the second quarter, according to Business Media.
Georgia’s GDP increased by 1.5% y/y in Q1, but then shrunk by 2.7% y/y in March, according to a flash estimate of statistics office Geostat.
The country’s central bank has said that following declines in domestic and external demand, Georgia's real economic output would contract by around 4% this year.
According to a document drafted by the parliament;s budget committee, the
14​ GEORGIA Country Report ​June 2020 ​ ​www.intellinews.com