GDP in Georgia

Georgia GDP | Economic News & Forecasts

Georgia - GDP

Available indicators point to stronger activity in the second quarter, following a robust expansion at the outset of the year. Growth is estimated to have accelerated in May, coming in well above the average reading for the first quarter. Momentum appears to have carried over into June on the strength of the external sector; merchandise exports surged on greater base-metal exports and buoyant demand from Georgia’s key trading partners—particularly Turkey and Azerbaijan. On the domestic front, inflation sunk to a nearly two-year low in the second quarter, likely supporting household spending. Meanwhile, on the political scene, the country’s parliament approved a restructured cabinet on 15 July. The new government’s manifesto could alleviate decades-long tensions between Georgia and Russia.

Georgia - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)3.4  4.6  2.9  2.8  4.8  

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Georgia GDP Chart


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

Georgia Facts

ValueChangeDate
Exchange Rate2.460.0 %Aug 07
Stock Market0.10.55 %Aug 07

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