GDP in Georgia

Georgia GDP | Economic News & Forecasts

Georgia - GDP

After accelerating substantially in the first quarter of the year, the Georgian economy hit a snag at the start of Q2. According to the Statistical Institute’s monthly GDP estimate, GDP growth came in at 2.1% in April, far below Q1’s 5.0% growth. The external sector seems to be the main culprit behind the slowdown: both remittances and export growth dropped off substantially in April. Meanwhile, the Central Bank announced it would quadruple the minimum capital requirements banks must hold in an attempt to strengthen the country’s banking system. The move was supported by the International Monetary Fund.

Georgia - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)7.2  6.4  3.4  4.6  2.9  

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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 Rate2.410.04 %Jun 16
Stock Market0.12.67 %Jun 16

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