The Georgian economy advanced 3.7 percent year-on-year in the third quarter of 2018, slowing from an upwardly revised 5.6 percent expansion in the previous period. It was the weakest growth rate since the fourth quarter of 2016, mainly due to a softer rise in: wholesale & retail trade (2.4 percent vs 9.8 percent in Q2 2018); mining and quarrying (6.2 percent vs 10.5 percent); hotels & restaurants (7.4 percent vs 4.1 percent) and financial intermediation (15.0 percent vs 22 percent). In addition, contractions were seen in manufacturing (-2.3 percent vs 8.4 percent) and public administration (-2.9 percent vs 1.9 percent). On the other hand, output expanded faster for: communication (8.9 percent vs 3.1 percent); transport (16.2 percent vs 8.2 percent); and real estate activities (13.4 percent vs 11.4 percent) while output rebounded for agriculture (3.8 percent vs -2.5 percent). GDP Annual Growth Rate in Georgia averaged 4.22 percent from 2006 until 2018, reaching an all time high of 12.30 percent in the fourth quarter of 2007 and a record low of -8.70 percent in the second quarter of 2009.

GDP Annual Growth Rate in Georgia is expected to be 5.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Georgia to stand at 5.10 in 12 months time. In the long-term, the Georgia GDP Annual Growth Rate is projected to trend around 4.40 percent in 2020, according to our econometric models.

Georgia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-21 07:10 AM GDP Growth Rate YoY 5.4% 4.4% 5.40%
2018-06-19 07:00 AM GDP Growth Rate YoY 5.3% 5.4% 5.1%
2018-09-18 07:00 AM GDP Growth Rate YoY 5.5% 5.3% 4.70%
2018-12-19 07:00 AM GDP Growth Rate YoY 3.7% 5.6% 4.5%
2019-03-21 07:10 AM GDP Growth Rate YoY 3.7% 5.5%
2019-06-19 07:00 AM GDP Growth Rate YoY 4.9%
2019-09-18 07:00 AM GDP Growth Rate YoY 5.30%


Georgia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.70 5.60 12.30 -8.70 percent [+]
GDP 15.16 14.38 16.51 0.00 USD Billion [+]
GDP Constant Prices 7656.20 7241.40 28432.80 2765.50 GEL Million [+]
Gross Fixed Capital Formation 3136.70 3190.90 3520.30 151.50 GEL Million [+]
GDP per capita 4290.17 4084.00 4675.80 958.80 USD [+]
GDP per capita PPP 9745.10 9276.80 9745.10 2177.90 USD [+]
Gross National Product 9537.90 8712.90 10283.80 1814.90 GEL Million [+]
GDP From Agriculture 478.50 454.30 549.30 316.90 GEL Million [+]
GDP From Construction 539.80 443.60 594.80 48.60 GEL Million [+]
GDP From Manufacturing 613.50 624.10 749.30 160.10 GEL Million [+]
GDP From Mining 57.30 73.70 80.50 17.30 GEL Million [+]
GDP From Public Administration 665.90 833.00 838.50 212.20 GEL Million [+]
GDP From Services 442.40 383.40 492.70 78.20 GEL Million [+]
GDP From Transport 543.30 502.40 543.30 191.40 GEL Million [+]
GDP From Utilities 149.60 149.30 207.30 64.30 GEL Million [+]


Georgia GDP Annual Growth Rate

The most important sector of Georgian economy is services and accounts for 69 percent of total GDP, of which wholesale and retail trade, repair of motor vehicles, motorcycles and personal and household goods (17 percent); public administration (8 percent); transport (8 percent) and real estate, renting and business activities (7 percent). Industry constitutes 23 percent with manufacturing (10 percent) and construction (9 percent). Agriculture, hunting, forestry and fishing create 8 percent of the wealth. On the expenditure side, household consumption is the main component of GDP and accounts for 61 percent of its total use, followed by gross fixed capital formation (30 percent) and government expenditure (17 percent). Exports of goods and services account for 50 percent of GDP while imports account for 62 percent, subtracting 12 percent of total GDP. 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 5.60 12.30 -8.70 2006 - 2018 percent Quarterly




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Saudi Arabia 2.50 Sep/18
Netherlands 2.40 Sep/18
Spain 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Dec/18
Canada 2.10 Sep/18
South Korea 2.00 Sep/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -3.50 Sep/18


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