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

The Georgian economy advanced 5.1 percent year-on-year in the first quarter of 2017, better than a preliminary estimate of 5 percent and compared with a 3.3 percent expansion in the same period of the previous year, final figures showed. It was the strongest growth rate since the third quarter of 2014, mainly driven by construction (21.6 percent from 25.6 percent in Q1 2016), manufacturing (8 percent from 1.4 percent in Q1 2016), transport (5.2 percent from 1.4 percent in Q1 2016), communication (11.5 percent from 1.1 percent), and health and social work (5.6 percent from 0.3 percent in Q1 2016). GDP Annual Growth Rate in Georgia averaged 4.11 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 Forecast (i)
2017-03-21 07:00 AM Q4 2.8% 2.2% 1.2%
2017-04-28 07:00 AM Q1 5% 2.8% 3.6%
2017-06-19 07:00 AM Q1 5.1% 2.8% 5% 5%
2017-09-18 06:00 AM Q2 5.1% 4.1%
2017-12-19 06:00 AM Q3 4.5%




Georgia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.10 2.80 12.30 -9.00 percent [+]
GDP 14.32 13.99 16.51 2.51 USD Billion [+]
GDP Constant Prices 6015.10 7729.40 28432.80 2765.50 GEL Million [+]
Gross Fixed Capital Formation 3228.00 2724.10 3228.00 151.50 GEL Million [+]
GDP per capita 3969.10 3851.70 4681.70 960.00 USD [+]
GDP per capita PPP 9015.90 8749.16 9015.90 2180.69 USD [+]
Gross National Product 8082.30 7668.80 8682.10 1814.90 GEL Million [+]
GDP From Agriculture 363.20 502.80 549.30 316.90 GEL Million [+]
GDP From Construction 408.10 463.10 500.20 48.60 GEL Million [+]
GDP From Manufacturing 565.80 729.00 746.40 160.10 GEL Million [+]
GDP From Mining 60.20 71.10 80.50 17.30 GEL Million [+]
GDP From Public Administration 473.30 815.10 815.10 212.20 GEL Million [+]
GDP From Services 295.10 445.00 445.00 78.20 GEL Million [+]
GDP From Transport 455.60 478.90 480.40 191.40 GEL Million [+]
GDP From Utilities 159.40 202.60 202.60 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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
5.10 2.80 12.30 -9.00 2006 - 2017 percent Quarterly



gdp annual growth rate by Country

Last
China 6.90 Mar/17
India 6.10 Mar/17
Indonesia 5.01 Mar/17
Turkey 5.00 Mar/17
Netherlands 3.20 Mar/17
Spain 3.00 Mar/17
South Korea 2.90 Mar/17
Mexico 2.80 Mar/17
Canada 2.30 Mar/17
United Kingdom 2.00 Mar/17
United States 2.00 Mar/17
Euro Area 1.90 Mar/17
Australia 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.30 Mar/17
Italy 1.20 Mar/17
France 1.10 Mar/17
Switzerland 1.10 Mar/17
Russia 0.50 Mar/17
Brazil -0.40 Mar/17