Africa's Development: Annual real GDP growth rate Growth rate … 02 in Georgia
Georgia: Africa's Development: Annual real GDP growth rate Growth rate … 02 was 5 Percent per annum in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Georgia, 1991–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
Georgia recorded 5 Percent per annum for africa's development dynamics (afdd) table 02 - annual real gdp in 2029.
Compared with earlier readings it is down 7.1% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in Georgia peaked at 12.58 Percent per annum in 2007 and was at its lowest, -44.9 Percent per annum, in 1992.
That places Georgia 29th out of 166 countries with data for 2029, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development: Annual real GDP growth rate Growth rate … 02 in Georgia, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1991 | -21.1 Percent per annum | — |
| 1992 | -44.9 Percent per annum | +112.8% |
| 1993 | -29.3 Percent per annum | -34.7% |
| 1994 | -10.4 Percent per annum | -64.5% |
| 1995 | 2.6 Percent per annum | -125.0% |
| 1996 | 10.5 Percent per annum | +303.8% |
| 1997 | 10.53 Percent per annum | +0.3% |
| 1998 | 3.1 Percent per annum | -70.5% |
| 1999 | 2.95 Percent per annum | -4.9% |
| 2000 | 1.76 Percent per annum | -40.5% |
| 2001 | 4.88 Percent per annum | +178.0% |
| 2002 | 5.36 Percent per annum | +9.7% |
| 2003 | 11.78 Percent per annum | +119.8% |
| 2004 | 5.8 Percent per annum | -50.8% |
| 2005 | 9.59 Percent per annum | +65.4% |
| 2006 | 9.42 Percent per annum | -1.8% |
| 2007 | 12.58 Percent per annum | +33.5% |
| 2008 | 2.42 Percent per annum | -80.8% |
| 2009 | -3.65 Percent per annum | -250.9% |
| 2010 | 6.94 Percent per annum | -290.2% |
| 2011 | 7.95 Percent per annum | +14.5% |
| 2012 | 6.58 Percent per annum | -17.2% |
| 2013 | 5.13 Percent per annum | -22.0% |
| 2014 | 4.09 Percent per annum | -20.3% |
| 2015 | 3.35 Percent per annum | -18.1% |
| 2016 | 3.45 Percent per annum | +3.0% |
| 2017 | 5.16 Percent per annum | +49.6% |
| 2018 | 6.06 Percent per annum | +17.5% |
| 2019 | 5.38 Percent per annum | -11.2% |
| 2020 | -6.29 Percent per annum | -216.9% |
| 2021 | 10.64 Percent per annum | -269.2% |
| 2022 | 10.96 Percent per annum | +3.0% |
| 2023 | 7.47 Percent per annum | -31.8% |
| 2024 | 5.74 Percent per annum | -23.2% |
| 2025 | 5.23 Percent per annum | -8.9% |
| 2026 | 4.7 Percent per annum | -10.2% |
| 2027 | 4.85 Percent per annum | +3.3% |
| 2028 | 5 Percent per annum | +3.1% |
| 2029 | 5 Percent per annum | +0.0% |
Georgia compared with similar countries
- Georgia's 5 Percent per annum is above the median for upper middle income countries, which is 2.7 Percent per annum, 1.8× the median. (50 countries reporting)
- Georgia's 5 Percent per annum is above the median for Europe & Central Asia, which is 2.3 Percent per annum, 2.2× the median. (40 countries reporting)
Biggest year-on-year movements
Years where Africa's Development: Annual real GDP growth rate Growth rate … 02 in Georgia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +303.8% | 2.6 Percent per annum | 10.5 Percent per annum |
| 2010 | +290.2% | -3.65 Percent per annum | 6.94 Percent per annum |
| 2021 | +269.2% | -6.29 Percent per annum | 10.64 Percent per annum |
| 2009 | -250.9% | 2.42 Percent per annum | -3.65 Percent per annum |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -8.45 Percent per annum | -44.9 Percent per annum | 10.53 Percent per annum | 9 |
| 2000s | 5.99 Percent per annum | -3.65 Percent per annum | 12.58 Percent per annum | 10 |
| 2010s | 5.41 Percent per annum | 3.35 Percent per annum | 7.95 Percent per annum | 10 |
| 2020s | 5.33 Percent per annum | -6.29 Percent per annum | 10.96 Percent per annum | 10 |
Countries ranked near Georgia
- 26 Türkiye 3.48 Percent per annum compare
- 26 Dominican Republic 5.04 Percent per annum compare
- 26 Mauritania 2.17 Percent per annum compare
- 27 Gambia 5.02 Percent per annum compare
- 27 Lesotho 2.08 Percent per annum compare
- 27 Syrian Arab Republic 3.44 Percent per annum compare
- 28 Burundi 5.01 Percent per annum compare
- 29 Ghana 5 Percent per annum compare
- 29 Pakistan 5 Percent per annum compare
- 32 Poland 3.01 Percent per annum compare
- 32 Burkina Faso 4.98 Percent per annum compare
More economy & growth data for Georgia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.32 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.21 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0124 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 120.64 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.1872 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 88.09 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -7.66 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0194 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 188.06 units per person (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in Georgia?
- Africa's development dynamics (afdd) table 02 - annual real gdp in Georgia was 5 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Georgia?
- The highest recorded value was 12.58 Percent per annum in 2007.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Georgia?
- The lowest recorded value was -44.9 Percent per annum in 1992.
- How does Georgia rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- Georgia ranks 29th out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in Georgia?
- Over the last ten years it is down 7.1%. The long-run trend across the full record is volatile.
- Where does this Georgia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.