GDP in Georgia

Georgia GDP | Economic News & Forecasts

Georgia - GDP

The Georgian economy continues on its path of robust growth, following a strong start to the year. More detailed GDP data published in September by the Statistical Institute revealed that GDP growth was stronger in Q2 than the flash estimate had suggested. The economy grew 4.7% annually in Q2, up from the 4.0% preliminary estimate but down from Q1’s 5.1% outturn. Growth was driven by a double-digit expansion in the construction sector as well as in the hotels and restaurant sector, thanks to the country’s booming tourism sector. As a result of the healthy economic momentum, Moody’s upgraded the country’s sovereign rating to Ba2 from Ba3 and maintained the outlook at stable.

Georgia - GDP Data

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)6.4  3.4  4.6  2.9  2.7  

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Georgia GDP Chart

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

Georgia Facts

Exchange Rate2.490.0 %Oct 19
Stock Market0.50.55 %Oct 19

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