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

The Georgian economy advanced 3 percent year-on-year in the second quarter of 2016, compared to 2.6 percent growth in the previous period. Mining and quarrying recorded the highest increase (+24.1 percent), followed by construction (+12.8 percent); hotels and restaurants (+10.8 percent); financial intermediation (+9.4 percent) and manufacturing (+8.3 percent). In contrast, the contraction was recorded in transport (-5.8 percent) and wholesale and retail trade (-2.8 percent). GDP Annual Growth Rate in Georgia averaged 4.15 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 -9.00 percent in the second quarter of 2009.

Georgia GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-21 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 08:25 AM Q2 3% 2.6% 3.1%
2016-12-19 08:00 AM Q3 3% 2.4%
2017-01-29 03:00 PM Q4
2017-03-21 09:00 AM Q4




Georgia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.00 2.60 12.30 -9.00 percent [+]
GDP 13.97 16.51 16.51 2.51 USD Billion [+]
GDP Constant Prices 6544.00 5685.60 28432.80 1806.60 GEL Million [+]
Gross Fixed Capital Formation 2493.60 2013.60 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 7650.50 7086.00 8682.10 1814.90 GEL Million [+]
GDP From Agriculture 492.80 387.00 549.30 316.90 GEL Million [+]
GDP From Construction 397.80 328.50 501.10 48.60 GEL Million [+]
GDP From Manufacturing 553.70 504.20 746.40 160.10 GEL Million [+]
GDP From Mining 58.70 59.80 79.20 9.80 GEL Million [+]
GDP From Public Administration 775.80 479.50 812.10 45.50 GEL Million [+]
GDP From Services 319.20 281.50 428.30 41.10 GEL Million [+]
GDP From Transport 423.10 422.80 473.60 190.70 GEL Million [+]
GDP From Utilities 142.10 155.20 182.90 58.40 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 2.60 12.30 -9.00 2006 - 2016 percent Quarterly



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