GDP in Georgia

Georgia GDP | Economic News & Forecasts

Georgia - GDP

Georgia’s economy continued to grow at a moderate pace towards the end of 2016 despite subdued external demand, according to a flash estimate from the National Statistics Office. This comes amid an environment of greater political certainty thanks to the victory of the incumbent Georgian Dream party in October’s elections. In a recent staff visit to the country, the IMF highlighted the country’s resilience and praised the government’s structural reforms. Part of a four-point plan announced in 2016 and spearheaded by newly reelected Prime Minister Giorgi Kvirikashvili, these reforms aim to overhaul the education system, modernize the country’s infrastructure, reform the tax code and improve governance.

Georgia - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)7.2  6.4  3.4  4.6  2.8  

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Georgia GDP Chart


Georgia GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Statistics Georgia.

Georgia Facts

ValueChangeDate
Exchange Rate2.67-0.26 %Jan 20
Stock Market1.5-0.11 %Jan 20

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