Georgia Real GDP Growth

The Gross Domestic Product (GDP) in Georgia contracted 13.2 % YoY in Jun 2020, following a growth of 2.3 % in the previous quarter. Real GDP Growth YoY data in Georgia is updated quarterly, available from Mar 1998 to Jun 2020, with an average rate of 5.0 %. The data reached an all-time high of 15.6 % in Dec 2003 and a record low of -13.2 % in Jun 2020. CEIC calculates Real GDP Growth from quarterly Real GDP. The National Statistics Office of Georgia provides Real GDP in local currency, at chain linked 2015 prices based on SNA 2008. Real GDP Growth prior to Q1 2011 is calculated from Real GDP at chain linked 2010 prices based on SNA 1993 and prior to Q1 2004 is calculated from Real GDP at chain linked 1996 prices.

In the latest reports, Nominal GDP of Georgia reached 3.5 USD bn in Jun 2020. Its GDP deflator (implicit price deflator) increased 6.3 % in Jun 2020. GDP Per Capita in Georgia reached 4,696.2 USD in Dec 2019. Its Gross Savings Rate was measured at 19.5 % in Jun 2020.

View Georgia's Real GDP Growth from Mar 1998 to Jun 2020 in the chart:

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What was Georgia's Real GDP Growth in Jun 2020?

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