GDP in Georgia

Georgia GDP | Economic News & Forecasts

Georgia - GDP

The economy grew 29.9% year-on-year in the second quarter (Q1 2021: -4.5% yoy), marking the strongest result since our current records started in 2011. The upturn was broad-based, with the key manufacturing, and retail and wholesale trade sectors spearheading the expansion. That said, the reading was flattered by a significant base effect after GDP fell at a record pace in Q2 2020. Turning to Q3, the recovery seemingly lost momentum amid the reintroduction of some lockdown measures, which brought economic activity growth down to single digits in July–August. More positively, a quickening vaccine rollout and subsiding new Covid-19 cases bode well for the economy going into the final quarter of the year. Meanwhile, on 20 September, Moody’s affirmed Georgia's Ba2 credit rating and kept the outlook stable, citing an effective macroeconomic policy response to the pandemic-induced downturn.

Georgia - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)3.0  2.9  4.8  4.8  5.1  

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Georgia GDP Chart

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

Georgia Facts

Value Change Date
Exchange Rate2.860.0 %Jan 01
Stock Market0.10.55 %Jan 07

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