GDP in Georgia

Georgia GDP | Economic News & Forecasts

Georgia - GDP

The economy is expected to have suffered a marked slowdown in the fourth quarter of last year, according to a flash estimate from the National Statistics Office. GDP is estimated to have grown at its slowest pace since Q4 2009, bringing the estimated growth rate for 2016 down to 2.2% from 2.9% in 2015. Despite the country’s economic struggles, it took one more step towards closer European Union integration in early February when the European Parliament voted to grant Georgian tourists visa-free access to the Schengen area starting this spring. The move comes almost two years after Georgia and the EU signed an association agreement.

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 Rate2.640.38 %Feb 16
Stock Market1.5-1.80 %Feb 16

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