GDP in Georgia

Georgia GDP (USD bn) | Economic News & Forecasts

Georgia - GDP (billions of U.S. Dollars)

Annual growth slumped to an over three-year low of 2.2% in the first quarter (Q4 2019: +5.1% year-on-year) and will have deteriorated even further in the second quarter, hit by Covid-19 fallout. Strict containment measures introduced in March hampered domestic activity in Q1, while the external sector was devastated by extinguished foreign demand and disrupted global supply chains. Turning to Q2, activity contracted at an unprecedented rate in April–May; strict lockdown restrictions forced the widespread closure of non-essential businesses, undermined consumer spending and likely smothered investment activity. Similarly, merchandise exports continued to dive through May. Although the country has been easing restrictions over the past month, authorities delayed the opening of international borders to 31 July, boding ill for the key tourism sector.

Georgia - GDP (USD bn) Data

2015   2016   2017   2018   2019  
GDP (USD bn)14.9  15.1  16.2  17.6  17.7  

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Georgia Facts

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

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