Annual gdp growth in Georgia
Georgia: Annual gdp growth was 9.68 in 2024. ◆ Volatile
Annual gdp growth in Georgia, 2000–2024
Source: Our World in Data.
Analysis
The most recent figure for annual gdp growth in Georgia is 9.68, measured in 2024.
That represents a change of up 23.6% on the previous year and up 136.7% over ten years.
Over the whole period, annual gdp growth in Georgia peaked at 12.58 in 2007 and was at its lowest, -6.29, in 2020.
Georgia ranks 4th of 212 countries on this measure, 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 | Value | Change |
|---|---|---|
| 2000 | 1.84 | — |
| 2001 | 4.81 | +161.4% |
| 2002 | 5.47 | +13.7% |
| 2003 | 11.06 | +102.2% |
| 2004 | 5.79 | -47.6% |
| 2005 | 9.59 | +65.6% |
| 2006 | 9.42 | -1.8% |
| 2007 | 12.58 | +33.5% |
| 2008 | 2.42 | -80.8% |
| 2009 | -3.65 | -250.8% |
| 2010 | 6.25 | -271.2% |
| 2011 | 7.93 | +26.9% |
| 2012 | 6.58 | -17.0% |
| 2013 | 5.13 | -22.0% |
| 2014 | 4.09 | -20.3% |
| 2015 | 3.35 | -18.1% |
| 2016 | 3.45 | +3.0% |
| 2017 | 5.16 | +49.6% |
| 2018 | 6.06 | +17.4% |
| 2019 | 5.38 | -11.2% |
| 2020 | -6.29 | -216.9% |
| 2021 | 10.64 | -269.2% |
| 2022 | 10.96 | +3.0% |
| 2023 | 7.83 | -28.6% |
| 2024 | 9.68 | +23.6% |
Georgia compared with similar countries
- Georgia's 9.68 is above the median for upper middle income countries, which is 3.5, 2.8× the median. (58 countries reporting)
- Georgia's 9.68 is above the median for Europe & Central Asia, which is 2.14, 4.5× 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 | +271.2% | -3.65 | 6.25 |
| 2021 | +269.2% | -6.29 | 10.64 |
| 2009 | -250.8% | 2.42 | -3.65 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.93 | -3.65 | 12.58 | 10 |
| 2010s | 5.34 | 3.35 | 7.93 | 10 |
| 2020s | 6.56 | -6.29 | 10.96 | 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 9.68 in 2024, according to Our World in Data.
- What is the highest annual gdp growth recorded in Georgia?
- The highest recorded value was 12.58 in 2007.
- What is the lowest annual gdp growth recorded in Georgia?
- The lowest recorded value was -6.29 in 2020.
- How does Georgia rank for annual gdp growth?
- Georgia ranks 4th out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Georgia?
- Over the last ten years it is up 136.7%. The long-run trend across the full record is volatile.
- Where does this Georgia data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).