GDP in Georgia

Georgia GDP | Economic News & Forecasts

Georgia - GDP

The Georgian economy accelerated at the start of the year, following a disappointing slowdown in 2016. GDP grew 5.2% annually in January, according to an estimate from the National Statistics Office. This marked an improvement from December’s 0.3% outturn and the fastest growth rate since November 2014. The overall state of the economy remains fragile, however, its recovery from the global financial crisis having been stymied by the prolonged slump in Russia. As a result, the Georgian government agreed in March on a USD 285 million loan with the IMF under its Extended Fund Facility, which is set to replace the now-lapsed Stand-By Agreement signed in July 2014. The program is expected to be approved by the IMF Board in April and will focus on structural reforms, infrastructure investment and financial sector regulation.

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 Rate2.440.0 %Mar 28
Stock Market0.12.73 %Mar 28

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