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Monthly Macroeconomic Review 2018 March

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 February 2018, real GDP growth amounted to 5.5% YoY. According to VAT turnover, this growth was predominantly driven by trade, manufacturing, and mining and quarrying industries. As for inflation, in March 2018, annual inflation totaled 2.8%, while GDP deflator made up 3.9% in February. With regard to external trade, in January-February, following economic recovery in major partner countries and increase in external demand, Read More
Monthly Macroeconomic Review 2018 February

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 January 2018, real GDP growth amounted to 4.4% YoY. According to VAT turnover, this growth was predominantly driven by trade, manufacturing, and mining and quarrying industries. As for inflation, in February 2018, annual inflation totaled 2.7%, while GDP deflator made up 4.9% in January. With regard to external trade, in January, following economic recovery in major partner countries and increase in external demand, Read More
Monthly Macroeconomic Review 2018 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 December 2017, real GDP growth amounted to 4.7% YoY. According to VAT turnover, this growth was predominantly driven by trade and manufacturing industry. In 2017, average growth of real GDP equaled 4.8%. As for inflation, in January 2018, annual inflation totaled 4.3%, while GDP deflator made up 5.9% in December 2017. With regard to external trade, in 2017, following economic recovery in major partner countries and Read More
Quarterly Macroeconomic Review - IV Q, 2017

According to preliminary estimates, average growth of real GDP amounted to 4.7% in Q4 2017, and 4.8% in 2017. In the 4rth quarter, average annual inflation totaled 6.7%, which exceeds the National Bank target (4%). In Q4 2017, consolidated budget revenues increased by 9.2% YoY, while expenses and acquisition of non-financial assets increased by 11.4%. As of Q4 2017, public debt increased by 12.6% YoY 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...