GDP in Georgia

Georgia GDP | Economic News & Forecasts

Georgia - GDP

Annual GDP rose 5.5% in Q2—the strongest print in nearly four years—sustained by a solid performance from the external sector. Merchandise exports soared in Q2 due robust demand from CIS countries. Available data suggests momentum carried over into Q3: the lari held its ground against major currencies throughout Q3, while higher private sector lending and an accommodative monetary policy environment likely buoyed domestic demand in August. Nevertheless, the depreciation of the Russian ruble and the Turkish lira crisis signal potential headwinds to the Georgian economy H2 2018 due to an adverse impact on trade, remittances and tourism. On 28 October, Georgians will head to presidential polls in what will be the last direct presidential vote—a College of Electors will elect the president going forward.

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 Rate2.670.0 %Oct 16
Stock Market0.50.55 %Oct 16

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