Home

Monthly Macroeconomic Review 2018 September

PBO’s Monthly Macroeconomic Review reflects the trends of major macroeconomic variables. The review is based on data from Geostat, National Bank of Georgia and Ministry of Finance. In the reporting period, the major variables dynamics were: According to preliminary estimates, economic growth amounted to 2% in August 2018, with average growth of real GDP totaling 4.8% in January-August Annual inflation reached 2.7% in September In September, GEL depreciated both against USD (by 2.9%) MoM and EUR (by 4%) For more details about other economic indicators see the complete document. Read More
Monthly Macroeconomic Review 2018 August

PBO’s Monthly Macroeconomic Review reflects the trends of major macroeconomic variables. The review is based on data from Geostat, National Bank of Georgia and Ministry of Finance. In the reporting period, the major variables dynamics were: According to preliminary estimates, economic growth amounted to 4.6% in July 2018, with average growth of real GDP totaling 5.5% in January-July Annual inflation reached 3.1% in August In August, GEL depreciated both against USD (by 3.5%) MoM and EUR (by 2.3%) For more details about other economic indicators see the complete document. Read More
Economic Growth Quarterly Forecast -QIII 2018

According to the Parliamentary Budget Office estimates, real GDP growth in Q3 2018 will reach 5.2%. GDP growth amounted to 4.4% in Q3 2017.In Q3 2018 expected GDP growth is driven almost solely by the absorption component, while the contribution of net exports is negligible. Read More
Quarterly Macroeconomic Review - II Q, 2018

With regard to the real sector, according to preliminary estimates, average growth of real GDP amounted to 6% in Q2 2018. In Q2, average annual inflation totaled 2.4%, which is lower than the National Bank target (3%).Concerning the fiscal sector, in Q2 2018, consolidated budget revenues increased by 8.5% YoY, while expenses and acquisition of non-financial assets rose by 0.2%. As of Q2, public debt in nominal terms increased by 8.4% YoY. Domestic debt grew by 6.7% YoY, while external debt – by 8.8%.As for the external sector dynamics, in Q2 2018, external trade of goods was 25% higher YoY, including a 30% increase in exports and a 23% increase in imports. A positive trend has emerged since Q4 2016 Read More

News

News from the Parliamentary Budget Offic…

29-03-2017

News from the Parliamentary Budget Office: In addition to the Annual Macroeconomic Forecasts Parliamentary Budget Office will produce quarterly forecasts for economic growth starting from the 2nd quarter, 2017.

Regional Meeting of the Parliamentary Bu…

13-03-2017

On 11-12 March of 2017, regional workshop for Parliamentary Budget Offices was held with the support of Westminster Foundation for Democracy(WfD) and German Society for International Cooperation(GIZ).

The visit to Great Britain to be accompl…

07-02-2017

The Parliamentary Delegation, holding the meetings in the British Parliament, will accomplish the 3-day visit today. The visit, aimed at enhancement of Parliamentary oversight and exchange of experience, is organized...