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

The Georgian economy advanced 5.3 percent year-on-year in the first quarter of 2018, the same as in the corresponding period of the previous year. Output expanded at a faster pace for mining & quarrying (11.4 percent from 2.8 percent in Q1 2017); hotels & restaurants (10.9 percent from 10.3 percent); financial intermediation, services indirectly measured (13.6 percent from 1.3 percent); public administration (3.4 percent from 0.5 percent) and real estate, renting & business activities (13.4 percent from 6.2 percent). Also, agriculture output fell less (-2.2 percent from -4 percent). Meanwhile, output slowed for manufacturing (6.6 percent from 6.9 percent); construction (8.7 percent from 13 percent); transport (0.2 percent from 7.5 percent); wholesale & retail trade (5.1 percent from 5.3 percent) and health & social work (2.8 percent from 6.3 percent). GDP Annual Growth Rate in Georgia averaged 4.21 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Calendar GMT Actual Previous Consensus TEForecast
2017-12-19 07:00 AM GDP Growth Rate YoY 4.4% 4.9% 4.5%
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 5.3% 4.70%
2018-12-19 07:00 AM GDP Growth Rate YoY 4.5%


Georgia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.30 5.40 12.30 -9.00 percent [+]
GDP 14.32 13.99 16.51 2.51 USD Billion [+]
GDP Constant Prices 8147.20 7407.30 28432.80 2765.50 GEL Million [+]
Gross Fixed Capital Formation 3520.30 2874.50 3520.30 151.50 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 10283.80 9275.90 10283.80 1814.90 GEL Million [+]
GDP From Agriculture 479.10 464.60 549.30 316.90 GEL Million [+]
GDP From Construction 534.40 585.80 585.80 48.60 GEL Million [+]
GDP From Manufacturing 749.10 630.30 749.10 160.10 GEL Million [+]
GDP From Mining 74.90 54.30 80.50 17.30 GEL Million [+]
GDP From Public Administration 838.50 685.60 838.50 212.20 GEL Million [+]
GDP From Services 470.60 382.80 470.60 78.20 GEL Million [+]
GDP From Transport 511.40 472.10 511.40 191.40 GEL Million [+]
GDP From Utilities 210.10 142.20 210.10 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.30 5.40 12.30 -9.00 2006 - 2018 percent Quarterly




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.80 Mar/18
Indonesia 5.06 Mar/18
Australia 3.10 Mar/18
Spain 3.00 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
United States 2.80 Mar/18
Euro Area 2.50 Mar/18
Canada 2.30 Mar/18
Germany 2.30 Mar/18
France 2.20 Mar/18
Switzerland 2.20 Mar/18
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
Brazil 1.20 Mar/18
United Kingdom 1.20 Mar/18
Japan 1.10 Mar/18


Related

Latest