Georgia’s GDP expanded 4.5 percent year-on-year in the second quarter of 2019, easing from a 4.9 percent advance in the previous period. Growth was driven by transport (17.9 percent), real estate, renting and business activities (16.9 percent), hotels and restaurants (14.1 percent), electricity, gas and water supply (11.5 percent), communication (10.8 percent), health and social work (9.3 percent), wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods (7.4 percent), other community, social and personal service activities (5.2 percent), financial intermediation (4.3 percent), public administration (3.0 percent) and agriculture, hunting and forestry; fishing (2.1 percent). On the other hand, education (-7.9 percent), mining and quarrying (-7.7 percent), construction (-4.6 percent), manufacturing (-4.5 percent) contributed negatively to growth. GDP Annual Growth Rate in Georgia averaged 5.33 percent from 2004 until 2019, reaching an all time high of 13.90 percent in the third quarter of 2007 and a record low of -8.70 percent in the second quarter of 2009.

GDP Annual Growth Rate in Georgia is expected to be 5.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Georgia to stand at 4.60 in 12 months time. In the long-term, the Georgia GDP Annual Growth Rate is projected to trend around 4.40 percent in 2020, according to our econometric models.

Georgia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-19 07:00 AM GDP Growth Rate YoY Q3 3.7% 5.6% 4.5%
2019-03-21 07:10 AM GDP Growth Rate YoY Q4 4.5% 3.7% 4.5%
2019-06-19 07:00 AM GDP Growth Rate YoY Q1 4.9% 4.5% 4.9%
2019-09-18 07:00 AM GDP Growth Rate YoY Q2 4.5% 4.9% 5.30%
2019-12-19 07:00 AM GDP Growth Rate YoY Q3 4.5% 5.10%


Georgia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 4.50 4.90 13.90 -8.70 percent [+]
GDP 16.21 15.08 16.51 2.51 USD Billion [+]
GDP Constant Prices 7564.50 6619.60 28432.80 2765.50 GEL Million [+]
Gross Fixed Capital Formation 2382.30 3292.40 3520.30 151.50 GEL Million [+]
GDP per capita 4469.20 4271.30 4662.90 961.20 USD [+]
GDP per capita PPP 10151.70 9702.20 10151.70 2183.40 USD [+]
Gross National Product 9458.20 11077.90 11077.90 1814.90 GEL Million [+]
GDP From Agriculture 463.70 335.40 549.30 316.90 GEL Million [+]
GDP From Construction 423.40 324.40 594.80 48.60 GEL Million [+]
GDP From Manufacturing 595.90 620.00 752.80 160.10 GEL Million [+]
GDP From Mining 68.10 64.20 80.50 17.30 GEL Million [+]
GDP From Public Administration 857.90 529.50 857.90 212.20 GEL Million [+]
GDP From Services 448.10 363.00 545.50 78.20 GEL Million [+]
GDP From Transport 592.20 503.70 592.20 191.40 GEL Million [+]
GDP From Utilities 166.50 191.70 207.30 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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.90 13.90 -8.70 2004 - 2019 percent Quarterly
Constant prices 2010, NSA




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