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

The Georgian economy expanded 2.9 percent year-on-year in the last three months of 2015, higher than 2.5 percent in the previous two periods and matching preliminary estimates. Mining and quarrying recorded the highest increase (up 23.5 percent), followed by construction (up 12.2 percent) and financial intermediation services (up 9.6 percent). In contrast, manufacturing (-4.6 percent) and wholesale and retail trade (-1.8 percent) contracted. 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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%
2016-03-21 09:00 AM Q4 2.9% 2.5% 2.9%
2016-06-20 09:00 AM Q1 2.9% 2.3%
2016-12-19 09:00 AM Q2 2.9% 2.1%
2017-03-19 09:00 AM Q3 2.0%

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 7513.20 6886.80 28432.80 1806.60 GEL Million [+]
Gross Fixed Capital Formation 2718.20 2547.30 2718.20 151.50 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 498.50 473.70 498.50 286.50 GEL Million [+]
GDP From Construction 467.80 501.10 501.10 63.70 GEL Million [+]
GDP From Manufacturing 665.10 580.50 665.10 116.50 GEL Million [+]
GDP From Mining 79.20 47.10 79.20 9.80 GEL Million [+]
GDP From Public Administration 812.10 647.20 812.10 45.50 GEL Million [+]
GDP From Services 428.30 336.80 428.30 41.10 GEL Million [+]
GDP From Transport 468.70 473.60 473.60 190.70 GEL Million [+]
GDP From Utilities 182.90 129.40 182.90 58.40 GEL Million [+]




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South Sudan 15.90 Dec/14
Ethiopia 10.20 Dec/14
Ivory Coast 9.80 Dec/15
Ireland 9.20 Dec/15
Papua New Guinea 9.00 Dec/15
Myanmar 8.70 Dec/14
Uzbekistan 7.50 Mar/16
India 7.30 Dec/15
Chad 7.20 Dec/14
Monaco 7.20 Dec/14
East Timor 7.10 Dec/14
Rwanda 7.10 Dec/15
Tanzania 7.10 Dec/15
Bangladesh 7.05 Dec/16
Cameroon 7.00 Sep/15
Laos 7.00 Dec/15
Senegal 7.00 Dec/15
Cambodia 6.90 Dec/15
Congo 6.90 Dec/15
Philippines 6.90 Mar/16
China 6.70 Mar/16
Djibouti 6.70 Dec/15
Turkmenistan 6.70 Dec/15
Uganda 6.68 Dec/15
Nicaragua 6.60 Dec/15
Sierra Leone 6.57 Dec/14
Tajikistan 6.50 Mar/16
Mauritania 6.40 Dec/14
Dominican Republic 6.10 Dec/15
Palestine 6.10 Dec/15
Republic of the Congo 6.00 Dec/14
Togo 6.00 Dec/15
Benin 5.70 Dec/15
Malta 5.70 Dec/15
Turkey 5.70 Dec/15
Kenya 5.60 Dec/15
Bhutan 5.50 Dec/14
Vietnam 5.46 Mar/16
Mozambique 5.30 Mar/16
Panama 5.30 Dec/15
Bolivia 5.01 Jun/15
Guinea Bissau 5.00 Dec/15
Zambia 5.00 Dec/15
Indonesia 4.92 Mar/16
Angola 4.90 Dec/15
Central African Republic 4.90 Dec/15
Ghana 4.90 Dec/15
Niger 4.90 Dec/15
Sao Tome and Principe 4.80 Dec/14
Burundi 4.70 Dec/14
Gambia 4.70 Dec/15
Mali 4.70 Dec/15
Morocco 4.70 Dec/15
Oman 4.60 Dec/14
United Arab Emirates 4.60 Dec/14
Egypt 4.50 Jun/15
Sweden 4.50 Dec/15
Lesotho 4.40 Dec/14
Peru 4.40 Mar/16
Romania 4.30 Mar/16
Seychelles 4.30 Dec/15
Pakistan 4.24 Dec/15
Burkina Faso 4.20 Dec/15
Gabon 4.20 Dec/15
Malaysia 4.20 Mar/16
Cuba 4.00 Dec/15
Fiji 4.00 Dec/15
Kosovo 4.00 Sep/15
Qatar 4.00 Dec/15
Zimbabwe 4.00 Dec/14
Algeria 3.90 Dec/15
Guatemala 3.90 Sep/15
Macedonia 3.90 Dec/15
Honduras 3.60 Dec/15
Mauritius 3.60 Dec/15
Saudi Arabia 3.60 Dec/15
Serbia 3.50 Mar/16
Nepal 3.40 Dec/15
Spain 3.40 Mar/16
Suriname 3.40 Dec/14
Colombia 3.30 Dec/15
Costa Rica 3.30 Dec/15
Slovakia 3.30 Mar/16
Slovenia 3.30 Dec/15
Cape Verde 3.20 Dec/15
Iceland 3.20 Dec/15
Madagascar 3.20 Dec/14
Thailand 3.20 Mar/16
Czech Republic 3.10 Mar/16
Mongolia 3.10 Mar/16
Australia 3.00 Dec/15
Guyana 3.00 Dec/15
Luxembourg 3.00 Dec/15
Malawi 3.00 Dec/15
Poland 3.00 Mar/16
Bulgaria 2.90 Mar/16
Georgia 2.90 Dec/15
Maldives 2.90 Dec/15
Bahrain 2.80 Dec/15
Cyprus 2.70 Mar/16
South Korea 2.70 Mar/16
Sudan 2.70 Dec/14
El Salvador 2.60 Dec/15
Jordan 2.60 Dec/15
Mexico 2.60 Mar/16
Somalia 2.60 Dec/14
Sri Lanka 2.50 Dec/15
Swaziland 2.50 Dec/14
New Zealand 2.30 Dec/15
Lithuania 2.20 Mar/16
Albania 2.15 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
United Kingdom 2.10 Mar/16
Chile 2.00 Mar/16
United States 2.00 Mar/16
Armenia 1.90 Dec/16
Cayman Islands 1.90 Sep/15
Croatia 1.90 Dec/15
Latvia 1.80 Mar/16
Namibia 1.80 Dec/15
Singapore 1.80 Mar/16
Estonia 1.70 Mar/16
European Union 1.70 Mar/16
Haiti 1.70 Dec/15
Israel 1.70 Mar/16
Belgium 1.50 Mar/16
Euro Area 1.50 Mar/16
Jamaica 1.50 Sep/15
Montenegro 1.40 Dec/15
Netherlands 1.40 Mar/16
Austria 1.30 Mar/16
France 1.30 Mar/16
Germany 1.30 Mar/16
Bahamas 1.20 Dec/15
Comoros 1.10 Dec/15
Paraguay 1.10 Dec/15
Finland 1.00 Mar/16
Italy 1.00 Mar/16
Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
Tunisia 1.00 Mar/16
Argentina 0.90 Dec/15
Hungary 0.90 Mar/16
Hong Kong 0.80 Mar/16
Portugal 0.80 Mar/16
Japan 0.70 Dec/15
Norway 0.70 Mar/16
Belize 0.60 Dec/15
Iran 0.60 Mar/15
South Africa 0.60 Dec/15
Canada 0.50 Dec/15
Denmark 0.50 Dec/15
Switzerland 0.40 Dec/15
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Barbados 0.20 Dec/14
Guinea 0.10 Dec/15
Ukraine 0.10 Mar/16
Uruguay -0.10 Dec/15
Kazakhstan -0.20 Mar/16
Nigeria -0.40 Mar/16
Brunei -0.50 Dec/15
Liechtenstein -0.80 Dec/14
Taiwan -0.84 Mar/16
Ecuador -0.90 Dec/15
Puerto Rico -0.90 Dec/14
Greece -1.20 Mar/16
Russia -1.20 Mar/16
Kuwait -1.60 Dec/14
Botswana -1.90 Dec/15
Trinidad and Tobago -2.00 Sep/15
Equatorial Guinea -2.10 Dec/14
Iraq -2.10 Dec/14
Syria -2.30 Dec/11
Moldova -3.30 Dec/15
Azerbaijan -3.50 Mar/16
Belarus -3.60 Mar/16
Kyrgyzstan -4.90 Mar/16
Brazil -5.90 Dec/15
Venezuela -7.10 Sep/15
Macau -14.40 Dec/15
Libya -21.80 Dec/14
Yemen -28.10 Dec/15