Georgia Real GDP Growth

1998 - 2020 | Quarterly | % | CEIC Data

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:

Georgia Real GDP Growth

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

Last Previous Min Max Unit Frequency Range
-13.2 Jun 2020 2.3 Mar 2020 -13.2 Jun 2020 15.6 Dec 2003 % quarterly Mar 1998 - Jun 2020

Real GDP Growth by Country Comparison

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Includes Real GDP Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -11.0 Jun 2020 quarterly Mar 2010 - Jun 2020
Algeria (%) -3.9 Mar 2020 quarterly Mar 2012 - Mar 2020
Argentina (%) -19.8 Jun 2020 quarterly Mar 2005 - Jun 2020
Armenia (%) -9.1 Sep 2020 quarterly Mar 2001 - Sep 2020
Australia (%) -6.3 Jun 2020 quarterly Sep 1960 - Jun 2020
Austria (%) -14.5 Jun 2020 quarterly Mar 1989 - Jun 2020
Azerbaijan (%) 0.2 Mar 2020 quarterly Mar 2001 - Mar 2020
Bahrain (%) -8.9 Jun 2020 quarterly Mar 2009 - Jun 2020
Bangladesh (%) 5.2 2020 yearly 2007 - 2020
Belarus (%) -3.3 Jun 2020 quarterly Mar 2006 - Jun 2020

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Georgia Key Series

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Includes 309 key indicators for Georgia, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.7 Jun 2020 quarterly Dec 2006 - Jun 2020
Consolidated Fiscal Balance (USD mn) -229.237 Sep 2020 monthly Jan 2006 - Sep 2020
Tax Revenue (USD mn) 299.306 Nov 2020 monthly Jan 2006 - Nov 2020
Tax Revenue: % of GDP (%) 22.0 Jun 2020 quarterly Mar 2006 - Jun 2020
National Government Debt (USD mn) 8,245.6 Sep 2020 quarterly Mar 2006 - Sep 2020
Government Debt: % of GDP (%) 47.3 Jun 2020 quarterly Mar 2006 - Jun 2020
Forecast: Government Expenditure (GEL bn) 21.121 2025 yearly 1995 - 2025
Forecast: Government Net Debt (GEL bn) 39.374 2025 yearly 2000 - 2025
Forecast: Government Revenue (GEL bn) 19.525 2025 yearly 1994 - 2025
General Government: Consolidated (Cons): Revenue (GEL mn) 1,100.800 Nov 2020 monthly Jan 2006 - Nov 2020
General Government: Cons: Net Operating Balance (GEL mn) 39.000 Nov 2020 monthly Jan 2006 - Nov 2020
General Government: Cons: Revenue: Taxes (GEL mn) 990.300 Nov 2020 monthly Jan 2006 - Nov 2020
General Government: Cons: Net Lending/Borrowing (GEL mn) -263.700 Nov 2020 monthly Jan 2006 - Nov 2020
General Government: Cons: Memorandum Items: Debt at Face Value (GEL mn) 29,258.100 Nov 2020 monthly Jan 2006 - Nov 2020
General Government: Cons: Memorandum Items: Debt at Face Value: Domestic (GEL mn) 6,030.000 Nov 2020 monthly Jan 2006 - Nov 2020
General Government: Cons: Memorandum Items: Debt at Face Value: Foreign (GEL mn) 23,228.100 Nov 2020 monthly Jan 2006 - Nov 2020
General Government: Cons: Expenditure (GEL mn) 1,061.800 Nov 2020 monthly Jan 2006 - Nov 2020

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