GDP Constant Prices in Georgia increased to 7564.50 GEL Million in the second quarter of 2019 from 6619.60 GEL Million in the first quarter of 2019. GDP Constant Prices in Georgia averaged 12374.01 GEL Million from 1995 until 2019, reaching an all time high of 28432.80 GEL Million in the third quarter of 1996 and a record low of 2765.50 GEL Million in the first quarter of 2003.

GDP Constant Prices in Georgia is expected to be 6759.00 GEL Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Constant Prices in Georgia to stand at 7928.00 in 12 months time. In the long-term, the Georgia GDP Constant Prices is projected to trend around 8674.00 GEL Million in 2020, according to our econometric models.


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Georgia GDP Constant Prices

Actual Previous Highest Lowest Dates Unit Frequency
7564.50 6619.60 28432.80 2765.50 1995 - 2019 GEL Million Quarterly
Constant Prices 2010, NSA

Georgia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.80 4.60 13.90 -8.70 percent [+]
GDP 16.21 15.08 16.51 2.51 USD Billion [+]
GDP Constant Prices 7564.50 6619.60 28432.80 2765.50 GEL Million [+]
Gross Fixed Capital Formation 3215.30 3212.70 3520.30 151.50 GEL Million [+]
GDP per capita 4469.20 4271.30 4662.90 961.20 USD [+]
GDP per capita PPP 10151.70 9702.20 10151.70 2183.40 USD [+]
Gross National Product 10589.00 9458.20 11077.90 1814.90 GEL Million [+]
GDP From Agriculture 463.70 335.40 549.30 316.90 GEL Million [+]
GDP From Construction 423.40 324.40 594.80 48.60 GEL Million [+]
GDP From Manufacturing 595.90 620.00 752.80 160.10 GEL Million [+]
GDP From Mining 68.10 64.20 80.50 17.30 GEL Million [+]
GDP From Public Administration 857.90 529.50 857.90 212.20 GEL Million [+]
GDP From Services 448.10 363.00 545.50 78.20 GEL Million [+]
GDP From Transport 592.20 503.70 592.20 191.40 GEL Million [+]
GDP From Utilities 166.50 191.70 207.30 64.30 GEL Million [+]