GDP From Construction in Georgia decreased to 324.40 GEL Million in the first quarter of 2019 from 535.20 GEL Million in the fourth quarter of 2018. GDP From Construction in Georgia averaged 320.50 GEL Million from 2003 until 2019, reaching an all time high of 594.80 GEL Million in the third quarter of 2017 and a record low of 48.60 GEL Million in the first quarter of 2003.
GDP From Construction in Georgia is expected to be 455.36 GEL Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP From Construction in Georgia to stand at 557.68 in 12 months time. In the long-term, the Georgia GDP From Construction is projected to trend around 609.58 GEL Million in 2020, according to our econometric models.