Georgia GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Georgia expanded 7.10 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Georgia averaged 4.44 Percent from 2006 until 2014, 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.
||2006 - 2014
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.