Gross domestic product (GDP) in Georgia
Georgia: Gross domestic product (GDP) was 70.53 billion international-$ in 2011 prices in 2022. ▼ Falling
Latest (2022)
70.53 billion international-$ in 2011 prices
Change on year
up 10.1%
World rank
96th
of 166 countries
All-time high
78.02 billion international-$ in 2011 prices
in 1988
All-time low
17.81 billion international-$ in 2011 prices
in 1994
Years of data
44
1973–2022
Gross domestic product (GDP) in Georgia, 1973–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
The most recent figure for gross domestic product (gdp) in Georgia is 70.53 billion international-$ in 2011 prices, measured in 2022.
That represents a change of up 10.1% on the previous year and up 50.2% over ten years.
Over the whole period, gross domestic product (gdp) in Georgia peaked at 78.02 billion international-$ in 2011 prices in 1988 and was at its lowest, 17.81 billion international-$ in 2011 prices, in 1994.
That places Georgia 96th out of 166 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 44 years of available data.
Gross domestic product (GDP) in Georgia, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 1973 | 45.63 billion international-$ in 2011 prices | — |
| 1980 | 53.08 billion international-$ in 2011 prices | +16.3% |
| 1981 | 56.07 billion international-$ in 2011 prices | +5.6% |
| 1982 | 59.23 billion international-$ in 2011 prices | +5.6% |
| 1983 | 62.77 billion international-$ in 2011 prices | +6.0% |
| 1984 | 67.76 billion international-$ in 2011 prices | +8.0% |
| 1985 | 72.02 billion international-$ in 2011 prices | +6.3% |
| 1986 | 72.23 billion international-$ in 2011 prices | +0.3% |
| 1987 | 71.82 billion international-$ in 2011 prices | -0.6% |
| 1988 | 78.02 billion international-$ in 2011 prices | +8.6% |
| 1989 | 76.44 billion international-$ in 2011 prices | -2.0% |
| 1990 | 65.87 billion international-$ in 2011 prices | -13.8% |
| 1991 | 51.73 billion international-$ in 2011 prices | -21.5% |
| 1992 | 28.37 billion international-$ in 2011 prices | -45.2% |
| 1993 | 19.96 billion international-$ in 2011 prices | -29.6% |
| 1994 | 17.81 billion international-$ in 2011 prices | -10.8% |
| 1995 | 18.19 billion international-$ in 2011 prices | +2.1% |
| 1996 | 20.00 billion international-$ in 2011 prices | +10.0% |
| 1997 | 22.01 billion international-$ in 2011 prices | +10.1% |
| 1998 | 22.54 billion international-$ in 2011 prices | +2.4% |
| 1999 | 23.09 billion international-$ in 2011 prices | +2.5% |
| 2000 | 23.55 billion international-$ in 2011 prices | +2.0% |
| 2001 | 24.54 billion international-$ in 2011 prices | +4.2% |
| 2002 | 25.79 billion international-$ in 2011 prices | +5.1% |
| 2003 | 28.54 billion international-$ in 2011 prices | +10.6% |
| 2004 | 30.06 billion international-$ in 2011 prices | +5.3% |
| 2005 | 32.78 billion international-$ in 2011 prices | +9.1% |
| 2006 | 35.71 billion international-$ in 2011 prices | +8.9% |
| 2007 | 40.01 billion international-$ in 2011 prices | +12.0% |
| 2008 | 40.78 billion international-$ in 2011 prices | +1.9% |
| 2009 | 39.11 billion international-$ in 2011 prices | -4.1% |
| 2010 | 41.36 billion international-$ in 2011 prices | +5.7% |
| 2011 | 44.14 billion international-$ in 2011 prices | +6.7% |
| 2012 | 46.97 billion international-$ in 2011 prices | +6.4% |
| 2013 | 48.67 billion international-$ in 2011 prices | +3.6% |
| 2014 | 50.83 billion international-$ in 2011 prices | +4.4% |
| 2015 | 52.37 billion international-$ in 2011 prices | +3.0% |
| 2016 | 53.89 billion international-$ in 2011 prices | +2.9% |
| 2017 | 56.50 billion international-$ in 2011 prices | +4.8% |
| 2018 | 59.24 billion international-$ in 2011 prices | +4.8% |
| 2019 | 62.19 billion international-$ in 2011 prices | +5.0% |
| 2020 | 57.98 billion international-$ in 2011 prices | -6.8% |
| 2021 | 64.05 billion international-$ in 2011 prices | +10.5% |
| 2022 | 70.53 billion international-$ in 2011 prices | +10.1% |
Georgia compared with similar countries
- Georgia's 70.53 billion international-$ in 2011 prices is below the median for upper middle income countries, which is 146.22 billion international-$ in 2011 prices, 48% of the median. (47 countries reporting)
- Georgia's 70.53 billion international-$ in 2011 prices is below the median for Europe & Central Asia, which is 245.02 billion international-$ in 2011 prices, 29% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP) 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 |
|---|---|---|---|
| 1992 | -45.2% | 51.73 billion international-$ in 2011 prices | 28.37 billion international-$ in 2011 prices |
| 1993 | -29.6% | 28.37 billion international-$ in 2011 prices | 19.96 billion international-$ in 2011 prices |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 45.63 billion international-$ in 2011 prices | 45.63 billion international-$ in 2011 prices | 45.63 billion international-$ in 2011 prices | 1 |
| 1980s | 66.94 billion international-$ in 2011 prices | 53.08 billion international-$ in 2011 prices | 78.02 billion international-$ in 2011 prices | 10 |
| 1990s | 28.96 billion international-$ in 2011 prices | 17.81 billion international-$ in 2011 prices | 65.87 billion international-$ in 2011 prices | 10 |
| 2000s | 32.09 billion international-$ in 2011 prices | 23.55 billion international-$ in 2011 prices | 40.78 billion international-$ in 2011 prices | 10 |
| 2010s | 51.62 billion international-$ in 2011 prices | 41.36 billion international-$ in 2011 prices | 62.19 billion international-$ in 2011 prices | 10 |
| 2020s | 64.19 billion international-$ in 2011 prices | 57.98 billion international-$ in 2011 prices | 70.53 billion international-$ in 2011 prices | 3 |
Countries ranked near Georgia
- 93 Cameroon 82.73 billion international-$ in 2011 prices compare
- 94 Costa Rica 80.35 billion international-$ in 2011 prices compare
- 95 Bolivia 78.17 billion international-$ in 2011 prices compare
- 97 Slovenia 69.39 billion international-$ in 2011 prices compare
- 98 Uruguay 69.07 billion international-$ in 2011 prices compare
- 99 Zambia 68.47 billion international-$ in 2011 prices 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 266.07 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.007 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 67.6 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.66 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 3.27 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0434 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 420.58 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 38.45 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Georgia?
- Gross domestic product (gdp) in Georgia was 70.53 billion international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Georgia?
- The highest recorded value was 78.02 billion international-$ in 2011 prices in 1988.
- What is the lowest gross domestic product (gdp) recorded in Georgia?
- The lowest recorded value was 17.81 billion international-$ in 2011 prices in 1994.
- How does Georgia rank for gross domestic product (gdp)?
- Georgia ranks 96th out of 166 countries with data for 2022.
- Is gross domestic product (gdp) rising or falling in Georgia?
- Over the last ten years it is up 50.2%. The long-run trend across the full record is falling.
- Where does this Georgia data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.