Georgia GDP Annual Growth Rate  2006-2017 | Data | Chart | Calendar

The Georgian economy advanced 2.8 percent year-on-year in the fourth quarter of 2016, easing from a 3.0 percent growth in the same period of the previous year, the preliminary estimate showed. Output rose at a slower pace for: construction (0.7 percent from 10.2 percent in Q4 2015); public administration (0.4 percent from 3.4 percent); health and social work (0.4 percent from 2.8 percent); agriculture, hunting and forestry, fishing (1.6 percent from 3.4 percent), and hotel and restaurant (5 percent from 8.8 percent). Meanwhile, output contracted for: communication (-1.4 percent from 7.4 percent) and mining and quarrying (-11.6 percent from 25.5 percent). On the other hand, manufacturing rebounded (6.7 percent from -1.9 percent). For full 2016, the economy grew by 2.7 percent year-on-year, compared to a 2.9 percent growth in 2015. GDP Annual Growth Rate in Georgia averaged 4.07 percent from 2006 until 2016, 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.

Georgia GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-19 08:25 AM Q2 3% 2.6% 3.1%
2016-12-19 08:00 AM Q3 2.3% 3% 2.4%
2017-03-21 07:00 AM Q4 2.8% 2.2% 1.2%
2017-06-19 06:00 AM Q1 2.8% 3.6%
2017-09-18 06:00 AM Q2 4.1%
2017-12-19 06:00 AM Q3 4.5%




Georgia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.80 2.20 12.30 -9.00 percent [+]
GDP 14.32 13.99 16.51 2.51 USD Billion [+]
GDP Constant Prices 7729.40 7065.40 28432.80 2765.50 GEL Million [+]
Gross Fixed Capital Formation 2724.10 2493.60 2724.10 151.50 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 8082.30 7668.80 8682.10 1814.90 GEL Million [+]
GDP From Agriculture 502.80 463.50 549.30 316.90 GEL Million [+]
GDP From Construction 463.10 500.20 500.20 48.60 GEL Million [+]
GDP From Manufacturing 729.00 608.10 746.40 160.10 GEL Million [+]
GDP From Mining 71.10 49.90 80.50 17.30 GEL Million [+]
GDP From Public Administration 815.10 651.40 815.10 212.20 GEL Million [+]
GDP From Services 445.00 357.50 445.00 78.20 GEL Million [+]
GDP From Transport 478.90 460.20 480.40 191.40 GEL Million [+]
GDP From Utilities 202.60 136.30 202.60 64.30 GEL Million [+]



Georgia GDP Annual Growth Rate Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.20 12.30 -9.00 2006 - 2016 percent Quarterly



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