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

The Georgian economy advanced 4.7 percent year-on-year in the second quarter of 2017, compared with a 2.8 percent expansion in the same period of the previous year, a preliminary estimate showed. The growth was mainly driven by construction (16.4 percent from 12.2 percent in Q2 2016), hotel and restaurants (12.9 percent from 10.8 percent), transport (7 percent from -4.1 percent), communication (4.8 percent from 0.6 percent), wholesale and retail trade (3.7 percent from -2.2 percent); real estate, renting and business activities (7.2 percent from 3.4 percent) and health and social work (1.2 percent from 0.2 percent). GDP Annual Growth Rate in Georgia averaged 4.12 percent from 2006 until 2017, 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
2017-04-28 07:00 AM GDP Growth Rate YoY Prel 5% 2.8% 3.6%
2017-06-19 07:00 AM GDP Growth Rate YoY 5.1% 2.8% 5% 5%
2017-09-18 07:00 AM GDP Growth Rate YoY 4.7% 5.1% 4.1%
2017-12-19 06:00 AM GDP Growth Rate YoY 4.7% 4.5%


Georgia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 4.70 5.10 12.30 -9.00 percent [+]
GDP 14.32 13.99 16.51 2.51 USD Billion [+]
GDP Constant Prices 6835.50 6015.10 28432.80 2765.50 GEL Million [+]
Gross Fixed Capital Formation 2632.60 2210.90 3228.00 151.50 GEL Million [+]
GDP per capita 4079.80 3973.20 4675.80 958.80 USD [+]
GDP per capita PPP 9267.30 9025.10 9267.30 2177.90 USD [+]
Gross National Product 8480.60 7810.30 8930.10 1814.90 GEL Million [+]
GDP From Agriculture 465.40 363.20 549.30 316.90 GEL Million [+]
GDP From Construction 450.80 408.10 500.20 48.60 GEL Million [+]
GDP From Manufacturing 578.20 565.80 746.40 160.10 GEL Million [+]
GDP From Mining 63.60 60.20 80.50 17.30 GEL Million [+]
GDP From Public Administration 810.40 473.30 815.10 212.20 GEL Million [+]
GDP From Services 351.20 295.10 445.00 78.20 GEL Million [+]
GDP From Transport 471.00 455.60 480.40 191.40 GEL Million [+]
GDP From Utilities 141.30 159.40 202.60 64.30 GEL Million [+]


Georgia GDP Annual Growth Rate

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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.70 5.10 12.30 -9.00 2006 - 2017 percent Quarterly




GDP annual growth rate by Country
Country Last
China 6.80 Sep/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.06 Sep/17
Canada 3.70 Jun/17
South Korea 3.60 Sep/17
Spain 3.10 Sep/17
Netherlands 3.00 Sep/17
Germany 2.80 Sep/17
Euro Area 2.50 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Australia 1.80 Jun/17
Italy 1.80 Sep/17
Russia 1.80 Sep/17
Japan 1.70 Sep/17
Mexico 1.60 Sep/17
United Kingdom 1.50 Sep/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17