The Georgian economy grew 4.5 percent year-on-year in the fourth quarter of 2018, following a 3.7 percent expansion in the previous period. The growth accelerated for wholesale & retail trade (6.1% vs 2.4% in Q3 2018); hotels & restaurants (16.1% vs 7.4%); communication (10.0% vs 8.9%); and agriculture (5.4% vs 3.8%). In addition, output rebounded for both public administration (1.2% vs -2.9%) and manufacturing (0.5% vs -2.3%). On the other hand, output slowed for mining and quarrying (3.2% vs 6.2%); financial intermediation (8.6% vs 15.0%); transport (12.6% vs 16.2%) and real estate activities (10.7% vs 13.4%). Meanwhile, contractions were seen in electricity, gas, and water supply (-8.4% vs 0.9%) and construction (-2.4% vs -9.2%). For 2018 as a whole, the economy expanded 4.7 percent, easing from a 4.8 percent advance in 2017. GDP Annual Growth Rate in Georgia averaged 5.35 percent from 2004 until 2018, reaching an all time high of 13.90 percent in the third quarter of 2007 and a record low of -8.70 percent in the second quarter of 2009.

GDP Annual Growth Rate in Georgia is expected to be 5.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Georgia to stand at 4.20 in 12 months time. In the long-term, the Georgia GDP Annual Growth Rate is projected to trend around 4.40 percent in 2020, according to our econometric models.

Georgia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-19 07:00 AM GDP Growth Rate YoY 5.3% 5.4% 5.1%
2018-09-18 07:00 AM GDP Growth Rate YoY 5.5% 5.3% 4.70%
2018-12-19 07:00 AM GDP Growth Rate YoY 3.7% 5.6% 4.5%
2019-03-21 07:10 AM GDP Growth Rate YoY 4.5% 3.7% 4.5%
2019-06-19 07:00 AM GDP Growth Rate YoY 4.5% 4.9%
2019-09-18 07:00 AM GDP Growth Rate YoY 5.30%
2019-12-19 07:00 AM GDP Growth Rate YoY 5.10%


Georgia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 4.50 3.70 13.90 -8.70 percent [+]
GDP 15.16 14.38 16.51 0.00 USD Billion [+]
GDP Constant Prices 8510.40 7656.20 28432.80 2765.50 GEL Million [+]
Gross Fixed Capital Formation 3292.40 3136.70 3520.30 151.50 GEL Million [+]
GDP per capita 4290.17 4084.00 4675.80 958.80 USD [+]
GDP per capita PPP 9745.10 9276.80 9745.10 2177.90 USD [+]
Gross National Product 9972.30 9534.60 10283.80 1814.90 GEL Million [+]
GDP From Agriculture 496.20 478.50 549.30 316.90 GEL Million [+]
GDP From Construction 535.20 539.80 594.80 48.60 GEL Million [+]
GDP From Manufacturing 752.80 613.50 752.80 160.10 GEL Million [+]
GDP From Mining 76.80 57.30 80.50 17.30 GEL Million [+]
GDP From Public Administration 848.30 665.90 848.30 212.20 GEL Million [+]
GDP From Services 545.50 442.40 545.50 78.20 GEL Million [+]
GDP From Transport 573.10 543.30 573.10 191.40 GEL Million [+]
GDP From Utilities 190.00 149.60 207.30 64.30 GEL Million [+]


Georgia GDP Annual Growth Rate

The most important sector of Georgian economy is services and accounts for 69 percent of total GDP, of which wholesale and retail trade, repair of motor vehicles, motorcycles and personal and household goods (17 percent); public administration (8 percent); transport (8 percent) and real estate, renting and business activities (7 percent). Industry constitutes 23 percent with manufacturing (10 percent) and construction (9 percent). Agriculture, hunting, forestry and fishing create 8 percent of the wealth. On the expenditure side, household consumption is the main component of GDP and accounts for 61 percent of its total use, followed by gross fixed capital formation (30 percent) and government expenditure (17 percent). Exports of goods and services account for 50 percent of GDP while imports account for 62 percent, subtracting 12 percent of total GDP. This page provides - Georgia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.50 3.70 13.90 -8.70 2004 - 2018 percent Quarterly
Constant prices 2010, NSA




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 2.30 Dec/18
South Korea 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
Euro Area 1.20 Mar/19
Mexico 1.20 Mar/19
Singapore 1.20 Mar/19
Brazil 1.10 Dec/18
France 1.10 Mar/19
South Africa 1.10 Dec/18
Japan 0.80 Mar/19
Germany 0.70 Mar/19
Russia 0.50 Mar/19
Italy 0.10 Mar/19
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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