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

The Georgian economy advanced 2.6 percent year-on-year in three months to March of 2016, lower than 2.9 percent in the previous period. Mining and quarrying recorded the highest increase (+29 percent), followed by construction (+25.7 percent), hotels and restaurants (+11.7 percent) and real estate, renting and business activities (89.4 percent). In contrast, the contraction was recorded in transport (-1.1 percent), electricity, gas and water supply (-3.1 percent) and community, social and personal service activities (-1.7 percent). 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
2.60 2.90 12.30 -9.00 2006 - 2016 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 08:05 AM Q1 2.6% 2.9% 2.5%
2016-09-19 09:00 AM Q2 2.6% 3.2%
2016-12-19 09:00 AM Q3 3.0%

Georgia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.60 2.90 12.30 -9.00 percent [+]
GDP 13.97 16.51 16.51 2.51 USD Billion [+]
GDP Constant Prices 5685.60 7513.20 28432.80 1806.60 GEL Million [+]
Gross Fixed Capital Formation 2013.60 2718.20 2718.20 151.50 GEL Million [+]
GDP per capita 4010.30 3851.70 4681.70 960.00 USD [+]
GDP per capita PPP 9109.26 8749.16 9109.26 2180.69 USD [+]
Gross National Product 7086.00 8682.10 8682.10 1814.90 GEL Million [+]
GDP From Agriculture 387.00 498.50 498.50 286.50 GEL Million [+]
GDP From Construction 328.50 467.80 501.10 63.70 GEL Million [+]
GDP From Manufacturing 504.20 665.10 665.10 116.50 GEL Million [+]
GDP From Mining 59.80 79.20 79.20 9.80 GEL Million [+]
GDP From Public Administration 479.50 812.10 812.10 45.50 GEL Million [+]
GDP From Services 281.50 428.30 428.30 41.10 GEL Million [+]
GDP From Transport 422.80 468.70 473.60 190.70 GEL Million [+]
GDP From Utilities 155.20 182.90 182.90 58.40 GEL Million [+]




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Ethiopia 9.60 Dec/15
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Spain 3.20 Jun/16
Australia 3.10 Mar/16
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Poland 3.10 Jun/16
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Albania 3.00 Mar/16
Bulgaria 3.00 Jun/16
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Madagascar 3.00 Dec/15
Israel 2.90 Jun/16
Malawi 2.90 Dec/15
Maldives 2.90 Dec/15
Botswana 2.80 Mar/16
Guatemala 2.80 Mar/16
New Zealand 2.80 Mar/16
Croatia 2.70 Mar/16
Cyprus 2.70 Jun/16
Cameroon 2.60 Dec/15
El Salvador 2.60 Dec/15
Georgia 2.60 Mar/16
Hungary 2.60 Jun/16
Somalia 2.60 Dec/14
Colombia 2.50 Mar/16
Czech Republic 2.50 Jun/16
Mexico 2.50 Jun/16
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Ireland 2.30 Mar/16
Jordan 2.30 Mar/16
Netherlands 2.30 Jun/16
United Kingdom 2.20 Jun/16
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Mar/16
Latvia 2.10 Jun/16
Singapore 2.10 Jun/16
Cayman Islands 2.00 Dec/15
Macedonia 2.00 Mar/16
European Union 1.80 Jun/16
Kuwait 1.80 Dec/15
Lithuania 1.80 Jun/16
Serbia 1.80 Jun/16
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Hong Kong 1.70 Jun/16
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Euro Area 1.60 Jun/16
Chile 1.50 Jun/16
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Zimbabwe 1.50 Dec/15
Belgium 1.40 Jun/16
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Finland 1.30 Jun/16
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Austria 1.20 Jun/16
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Republic of the Congo 1.20 Dec/15
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Canada 1.10 Mar/16
Montenegro 1.10 Mar/16
Lebanon 1.00 Dec/15
Barbados 0.90 Dec/15
Jamaica 0.80 Mar/16
Moldova 0.80 Mar/16
Portugal 0.80 Jun/16
Nepal 0.77 Dec/15
Italy 0.70 Jun/16
Norway 0.70 Mar/16
Switzerland 0.70 Mar/16
Taiwan 0.70 Jun/16
Estonia 0.60 Jun/16
Iran 0.60 Mar/15
Argentina 0.49 Mar/16
Denmark 0.30 Mar/16
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
Guinea 0.10 Dec/15
Japan 0.10 Mar/16
Kazakhstan 0.10 Jun/16
Greece -0.10 Jun/16
South Africa -0.20 Mar/16
Nigeria -0.40 Mar/16
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Puerto Rico -0.60 Dec/15
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Liechtenstein -0.80 Dec/14
North Korea -1.10 Dec/15
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Belize -1.96 Mar/16
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Syria -2.30 Dec/11
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Ecuador -3.00 Mar/16
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South Sudan -5.30 Dec/15
Brazil -5.40 Mar/16
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Venezuela -7.10 Sep/15
Equatorial Guinea -10.60 Dec/15
Macau -13.30 Mar/16
Oman -14.10 Dec/15
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15