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Economic Growth Quarterly Forecast - QI 2019

According to the Parliamentary Budget Office estimates, real GDP growth in Q1 2019 will reach 4.3%. GDP growth amounted to 5.2% in Q1 2018. In Q1 2019, expected GDP growth is driven by both the absorption (2.2 pp) and the net exports components (2.1 pp). Read More
Monthly Macroeconomic Review 2019 January

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 5.6% in December 2018, with average growth of real GDP totaling 4.8% in 2018• Annual inflation reached 2.2% in January• In January, GEL appreciated against USD (by 0.1%), but fell against EUR (by 0.2%) MoMFor more details about other economic indicators see the complete document. Read More
QUARTERLY MACROECONOMIC REVIEW - IV Q, 2018

With regard to the real sector, according to preliminary estimates, average growth of real GDP amounted to 4.8% in Q4 2018. In Q4, average annual inflation totaled 1.9%, which is lower than the National Bank target (3%).Concerning the fiscal sector, in Q4 2018, consolidated budget revenues increased by 9% YoY, while expenses and acquisition of non-financial assets rose by 18.5%. As of the end of Q4 2018, public debt climbed by 9.3% YoY. Namely, domestic debt increased by 13.5%, while external debt rose by 8.4%.As for the external sector dynamics, in Q4 2018, external trade of goods was 7% higher YoY, including a 16% increase in exports and a 4% increase in imports. A positive trend has emerged since Read More
Annual Macroeconomic Forecasts - December 2018

As per the Budget Code, following the delivery of macroeconomic forecasts and information concerning basic directions of Georgia's ministries by the government of Georgia to the parliament, the Parliamentary Budget Office (PBO) is publishing its independent forecasts.Major dynamics of the forecasted variables are as follows: The real GDP 2019 growth forecast (4.7%) exceeds the government forecast (4.5%) by 0.2 pp and is 0.8 pp lower compared to the PBO forecast of June 2018. PBO assesses that this difference with the previous forecast is mainly caused by two factors: In the 2nd half of 2018 the external economic environment has not improved significantly, while the 2019 economic growth forecasts for 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...