Georgia GDP Annual Growth Rate  2006-2018 | Data | Chart | Calendar

The Georgian economy advanced 5.5 percent year-on-year in the second quarter of 2018, above a 4.9 percent rise in the corresponding period of the previous year. It was the fastest growth since the third quarter of 2014, driven by sharp gains in: wholesale & retail trade (10.5 percent vs 4.1 percent in Q2 2017); transport (8.0 percent vs 7.4 percent); financial intermediation (22.0 percent vs 7.0 percent); real estate activities (13.8 percent vs 8.1 percent); mining and quarrying (8.1 percent vs 8.4 percent) and manufacturing (8.5 percent vs -1.0 percent). Meanwhile, output slowed in public administration (1.9 percent vs 5.4 percent); hotels & restaurants (4.5 percent vs 12.9 percent) and communications (3.5 percent vs 6.9 percent). In addition, contractions were seen in agriculture (-3.3 percent vs -1.8 percent) and construction (-7.1 percent vs 14 percent). GDP Annual Growth Rate in Georgia averaged 4.24 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 -9 percent in the second quarter of 2009.

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 5.5% 4.5%


Georgia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.50 5.30 12.30 -9.00 percent [+]
GDP 15.16 14.38 16.51 0.00 USD Billion [+]
GDP Constant Prices 7239.60 6323.30 28432.80 2765.50 GEL Million [+]
Gross Fixed Capital Formation 2458.80 3520.30 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 8712.90 10283.80 10283.80 1814.90 GEL Million [+]
GDP From Agriculture 456.40 344.80 549.30 316.90 GEL Million [+]
GDP From Construction 415.10 367.10 585.80 48.60 GEL Million [+]
GDP From Manufacturing 624.70 620.90 749.10 160.10 GEL Million [+]
GDP From Mining 72.50 67.10 80.50 17.30 GEL Million [+]
GDP From Public Administration 833.00 498.40 838.50 212.20 GEL Million [+]
GDP From Services 391.60 327.20 470.60 78.20 GEL Million [+]
GDP From Transport 507.30 450.10 511.40 191.40 GEL Million [+]
GDP From Utilities 145.20 177.80 210.10 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.50 5.30 12.30 -9.00 2006 - 2018 percent Quarterly




GDP annual growth rate by Country
Country Last
India 8.20 Jun/18
China 6.70 Jun/18
Indonesia 5.27 Jun/18
Turkey 5.20 Jun/18
Singapore 3.90 Jun/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
Netherlands 3.10 Jun/18
United States 2.90 Jun/18
South Korea 2.80 Jun/18
Spain 2.70 Jun/18
Mexico 2.60 Jun/18
Euro Area 2.10 Jun/18
Germany 2.00 Jun/18
Canada 1.90 Jun/18
Russia 1.90 Jun/18
France 1.70 Jun/18
United Kingdom 1.30 Jun/18
Italy 1.20 Jun/18
Saudi Arabia 1.15 Mar/18
Brazil 1.00 Jun/18
Japan 1.00 Jun/18
South Africa 0.40 Jun/18
Argentina -4.20 Jun/18


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