GDP growth in Georgia
Georgia: GDP growth was 9.68 in 2024. ◆ Volatile
Latest (2024)
9.68
Change on year
up 23.6%
World rank
1st
of 74 countries
All-time high
12.58
in 2007
All-time low
-44.9
in 1992
Years of data
64
1961–2024
GDP growth in Georgia, 1961–2024
Source: UNICEF.
Analysis
In 2024, gdp growth in Georgia stood at 9.68.
The figure is up 23.6% on the previous year and up 136.6% over ten years.
Over the whole period, gdp growth in Georgia peaked at 12.58 in 2007 and was at its lowest, -44.9, in 1992.
That places Georgia 1st out of 74 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.
GDP growth in Georgia, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | 4.87 | — |
| 1962 | 5.11 | +5.1% |
| 1963 | 4.2 | -17.8% |
| 1964 | 5.43 | +29.2% |
| 1965 | 10.56 | +94.5% |
| 1966 | 7.54 | -28.6% |
| 1967 | 6.25 | -17.0% |
| 1968 | 4.46 | -28.7% |
| 1969 | 4.78 | +7.2% |
| 1970 | 12.05 | +152.3% |
| 1971 | 2.47 | -79.5% |
| 1972 | 2.84 | +14.8% |
| 1973 | 6.48 | +128.5% |
| 1974 | 8.81 | +35.9% |
| 1975 | 7.38 | -16.2% |
| 1976 | 6.1 | -17.4% |
| 1977 | 6.89 | +13.0% |
| 1978 | 7.43 | +7.8% |
| 1979 | 7.37 | -0.8% |
| 1980 | 4.58 | -37.9% |
| 1981 | 5.27 | +15.1% |
| 1982 | 2 | -62.0% |
| 1983 | 4.3 | +114.8% |
| 1984 | 5.43 | +26.2% |
| 1985 | 4.94 | -9.0% |
| 1986 | -8.18 | -265.5% |
| 1987 | 1.28 | -115.7% |
| 1988 | 5.56 | +333.5% |
| 1989 | -7.19 | -229.5% |
| 1990 | -14.79 | +105.6% |
| 1991 | -21.1 | +42.7% |
| 1992 | -44.9 | +112.8% |
| 1993 | -29.3 | -34.7% |
| 1994 | -10.4 | -64.5% |
| 1995 | 2.6 | -125.0% |
| 1996 | 11.2 | +331.4% |
| 1997 | 10.52 | -6.1% |
| 1998 | 3.1 | -70.5% |
| 1999 | 2.87 | -7.6% |
| 2000 | 1.84 | -35.8% |
| 2001 | 4.81 | +161.2% |
| 2002 | 5.47 | +13.9% |
| 2003 | 11.06 | +102.0% |
| 2004 | 5.79 | -47.6% |
| 2005 | 9.59 | +65.6% |
| 2006 | 9.42 | -1.8% |
| 2007 | 12.58 | +33.5% |
| 2008 | 2.42 | -80.7% |
| 2009 | -3.65 | -250.8% |
| 2010 | 6.25 | -271.1% |
| 2011 | 7.93 | +27.0% |
| 2012 | 6.58 | -17.1% |
| 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 | +17.5% |
| 2019 | 5.38 | -11.2% |
| 2020 | -6.29 | -216.9% |
| 2021 | 10.64 | -269.2% |
| 2022 | 10.96 | +3.0% |
| 2023 | 7.83 | -28.5% |
| 2024 | 9.68 | +23.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.91 | 4.2 | 10.56 | 9 |
| 1970s | 6.78 | 2.47 | 12.05 | 10 |
| 1980s | 1.8 | -8.18 | 5.56 | 10 |
| 1990s | -9.02 | -44.9 | 11.2 | 10 |
| 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
- 2 Kyrgyzstan 9.04 compare
- 3 Monaco 8.51 compare
- 4 Tajikistan 8.4 compare
More economy & growth data for Georgia
- 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)
- GNI (current LCU), annual growth rate 13.76 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 2.57 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 24,909 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 4.88 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 4.13 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 5.8 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1228 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 1,190 current US$ per person (2025)
Frequently asked questions
- What is gdp growth in Georgia?
- Gdp growth in Georgia was 9.68 in 2024, according to UNICEF.
- What is the highest gdp growth recorded in Georgia?
- The highest recorded value was 12.58 in 2007.
- What is the lowest gdp growth recorded in Georgia?
- The lowest recorded value was -44.9 in 1992.
- How does Georgia rank for gdp growth?
- Georgia ranks 1st out of 74 countries with data for 2024.
- Is 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 UNICEF, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
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