Georgia GDP Annual Growth Rate  2006-2016 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Georgia expanded 2.90 percent in the fourth quarter of 2015 over the same quarter of the previous year, higher than 2.5 percent in the previous period, according to preliminary estimates. Considering full 2015, the economy expanded 2.8 percent, slightly below 2.9 percent in 2014. GDP Annual Growth Rate in Georgia averaged 4.24 percent from 2006 until 2015, reaching an all time high of 12.30 percent in the fourth quarter of 2007 and a record low of -9 percent in the second quarter of 2009. GDP Annual Growth Rate in Georgia is reported by the National Statistics Office of Georgia.

Georgia GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.50 12.30 -9.00 2006 - 2015 percent Quarterly
Georgia's most important sectors of the economy are agriculture, mining (manganese and copper) and manufacturing. Since the change of the government in 2003, the country has embarked on reforms towards liberalization of the economy. As a result, in recent years Georgia’s economy has been steady growing. Due to strained relations with Russia arising from the 2008 war, Georgia has invested in energy independence by focusing on hydropower. Georgia is also attempting to use its key geographical location to become a logistics hub. This page provides - Georgia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-09-18 10:00 AM Q2 2.5% 3.2% 2.1%
2015-12-21 09:00 AM Q3 2.5% 2.5% 2.23%
2016-01-29 03:00 PM Q4 2.9% 2.5% 5.71%
2016-06-20 09:00 AM Q1 2.9% 1.90%
2016-12-19 09:00 AM Q2 2.09%
2017-03-19 09:00 AM Q3 2.25%

Georgia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.90 2.50 12.30 -9.00 percent [+]
GDP 16.52 16.14 16.52 2.51 USD Billion [+]
GDP Constant Prices 6886.80 4016.40 28432.80 1806.60 GEL Million [+]
Gross Fixed Capital Formation 2547.30 2143.20 2547.30 151.50 GEL Million [+]
GDP per capita 2254.38 2159.92 3315.06 679.78 USD [+]
GDP per capita PPP 7233.37 6930.29 8018.29 2181.12 USD [+]
Gross National Product 7830.60 7495.90 8272.30 1814.90 GEL Million [+]
GDP From Agriculture 473.70 390.30 473.70 286.50 GEL Million [+]
GDP From Construction 501.10 385.10 501.10 63.70 GEL Million [+]
GDP From Manufacturing 580.50 514.30 635.50 116.50 GEL Million [+]
GDP From Mining 47.10 33.50 47.10 9.80 GEL Million [+]
GDP From Public Administration 647.20 123.40 647.20 45.50 GEL Million [+]
GDP From Services 336.80 159.90 336.80 41.10 GEL Million [+]
GDP From Transport 473.60 461.90 473.60 190.70 GEL Million [+]
GDP From Utilities 129.40 150.30 150.30 58.40 GEL Million [+]




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Comoros 3.00 Dec/15
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South Korea 3.00 Dec/15
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Bulgaria 2.90 Sep/15
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Thailand 2.90 Sep/15
Nigeria 2.84 Sep/15
Croatia 2.80 Sep/15
Haiti 2.80 Dec/14
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Sudan 2.70 Dec/14
El Salvador 2.60 Sep/15
Iceland 2.60 Sep/15
Jordan 2.60 Sep/15
Mongolia 2.60 Sep/15
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Israel 2.52 Sep/15
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Lebanon 2.00 Dec/14
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Brunei 1.90 Sep/15
Eritrea 1.90 Dec/14
European Union 1.90 Sep/15
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Germany 1.70 Dec/15
Cayman Islands 1.60 Jun/15
Euro Area 1.60 Sep/15
Japan 1.60 Sep/15
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France 1.50 Dec/15
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Cape Verde 1.40 Sep/15
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Belgium 1.30 Dec/15
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Canada 1.20 Sep/15
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Azerbaijan 1.00 Dec/15
Central African Republic 1.00 Dec/14
Ecuador 1.00 Jun/15
North Korea 1.00 Dec/14
South Africa 1.00 Sep/15
Bahamas 0.93 Dec/14
Italy 0.80 Sep/15
Switzerland 0.80 Sep/15
Estonia 0.70 Dec/15
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Iran 0.60 Mar/15
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Denmark 0.50 Sep/15
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