Annual GDP growth (%) in Georgia
Georgia: Annual GDP growth (%) was 9.7% in 2024. ◆ Volatile
Annual GDP growth in Georgia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual gdp growth in Georgia stood at 9.7%.
That represents a change of up 23.6% on the previous year and up 136.6% over ten years.
Over the whole period, annual gdp growth in Georgia peaked at 12.6% in 2007 and was at its lowest, -6.3%, in 2020.
That places Georgia 4th out of 230 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Georgia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 1.8% | — |
| 2001 | 4.8% | +161.2% |
| 2002 | 5.5% | +13.9% |
| 2003 | 11.1% | +102.0% |
| 2004 | 5.8% | -47.6% |
| 2005 | 9.6% | +65.6% |
| 2006 | 9.4% | -1.8% |
| 2007 | 12.6% | +33.5% |
| 2008 | 2.4% | -80.7% |
| 2009 | -3.7% | -250.8% |
| 2010 | 6.2% | -271.1% |
| 2011 | 7.9% | +27.0% |
| 2012 | 6.6% | -17.1% |
| 2013 | 5.1% | -22.0% |
| 2014 | 4.1% | -20.3% |
| 2015 | 3.4% | -18.1% |
| 2016 | 3.5% | +3.0% |
| 2017 | 5.2% | +49.6% |
| 2018 | 6.1% | +17.5% |
| 2019 | 5.4% | -11.2% |
| 2020 | -6.3% | -216.9% |
| 2021 | 10.6% | -269.2% |
| 2022 | 11.0% | +3.0% |
| 2023 | 7.8% | -28.5% |
| 2024 | 9.7% | +23.6% |
Georgia compared with similar countries
- Georgia's 9.7% is above the median for upper middle income countries, which is 3.5%, 2.8× the median. (56 countries reporting)
- Georgia's 9.7% is above the median for Europe & Central Asia, which is 2.6%, 3.7× the median. (55 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) 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 |
|---|---|---|---|
| 2010 | +271.1% | -3.7% | 6.2% |
| 2021 | +269.2% | -6.3% | 10.6% |
| 2009 | -250.8% | 2.4% | -3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.9% | -3.7% | 12.6% | 10 |
| 2010s | 5.3% | 3.4% | 7.9% | 10 |
| 2020s | 6.6% | -6.3% | 11.0% | 5 |
Countries ranked near Georgia
More economy & growth data for Georgia
- Real gdp growth, annual growth rate -22.91 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.32 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5 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)
Frequently asked questions
- What is annual gdp growth in Georgia?
- Annual gdp growth in Georgia was 9.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Georgia?
- The highest recorded value was 12.6% in 2007.
- What is the lowest annual gdp growth recorded in Georgia?
- The lowest recorded value was -6.3% in 2020.
- How does Georgia rank for annual gdp growth?
- Georgia ranks 4th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Georgia?
- Over the last ten years it is up 136.6%. The long-run trend across the full record is volatile.
- Where does this Georgia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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