The economy of Georgia advanced by 10.4% year-on-year in 2021, recovering sharply from a 6.8% contraction in 2020 and surpassing its pre-COVID output.
Full Year GDP Growth in Georgia averaged 3.64 percent from 2017 until 2021, reaching an all time high of 10.40 percent in 2021 and a record low of -6.80 percent in 2020. This page includes a chart with historical data for Georgia Full Year Gdp Growth. Georgia Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Full Year GDP Growth in Georgia is expected to reach 5.00 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Full Year GDP Growth is projected to trend around 4.00 percent in 2023, according to our econometric models.