Gross domestic product (GDP) in Georgia
Georgia: Gross domestic product (GDP) was 89.43 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
89.43 billion international-$ in 2021 prices
Change on year
up 6.4%
World rank
97th
of 184 countries
All-time high
89.43 billion international-$ in 2021 prices
in 2023
All-time low
14.13 billion international-$ in 2021 prices
in 1994
Years of data
34
1990–2023
Gross domestic product (GDP) in Georgia, 1990–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Georgia recorded 89.43 billion international-$ in 2021 prices for gross domestic product (gdp) in 2023. That is the highest value across all 34 years on record.
Compared with earlier readings it is up 6.4% on the previous year and up 87.6% over ten years.
Over the whole period, gross domestic product (gdp) in Georgia peaked at 89.43 billion international-$ in 2021 prices in 2023 and was at its lowest, 14.13 billion international-$ in 2021 prices, in 1994.
That places Georgia 97th out of 184 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Georgia, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1990 | 70.40 billion international-$ in 2021 prices | — |
| 1991 | 60.61 billion international-$ in 2021 prices | -13.9% |
| 1992 | 26.54 billion international-$ in 2021 prices | -56.2% |
| 1993 | 16.24 billion international-$ in 2021 prices | -38.8% |
| 1994 | 14.13 billion international-$ in 2021 prices | -13.0% |
| 1995 | 14.95 billion international-$ in 2021 prices | +5.8% |
| 1996 | 17.38 billion international-$ in 2021 prices | +16.3% |
| 1997 | 19.00 billion international-$ in 2021 prices | +9.3% |
| 1998 | 18.48 billion international-$ in 2021 prices | -2.7% |
| 1999 | 18.49 billion international-$ in 2021 prices | +0.0% |
| 2000 | 18.51 billion international-$ in 2021 prices | +0.1% |
| 2001 | 19.68 billion international-$ in 2021 prices | +6.3% |
| 2002 | 21.08 billion international-$ in 2021 prices | +7.1% |
| 2003 | 23.44 billion international-$ in 2021 prices | +11.2% |
| 2004 | 25.50 billion international-$ in 2021 prices | +8.8% |
| 2005 | 28.47 billion international-$ in 2021 prices | +11.6% |
| 2006 | 32.79 billion international-$ in 2021 prices | +15.2% |
| 2007 | 36.83 billion international-$ in 2021 prices | +12.3% |
| 2008 | 38.69 billion international-$ in 2021 prices | +5.0% |
| 2009 | 39.55 billion international-$ in 2021 prices | +2.2% |
| 2010 | 41.72 billion international-$ in 2021 prices | +5.5% |
| 2011 | 45.21 billion international-$ in 2021 prices | +8.4% |
| 2012 | 47.12 billion international-$ in 2021 prices | +4.2% |
| 2013 | 47.67 billion international-$ in 2021 prices | +1.2% |
| 2014 | 50.90 billion international-$ in 2021 prices | +6.8% |
| 2015 | 55.06 billion international-$ in 2021 prices | +8.2% |
| 2016 | 58.30 billion international-$ in 2021 prices | +5.9% |
| 2017 | 64.10 billion international-$ in 2021 prices | +10.0% |
| 2018 | 66.79 billion international-$ in 2021 prices | +4.2% |
| 2019 | 73.78 billion international-$ in 2021 prices | +10.5% |
| 2020 | 71.21 billion international-$ in 2021 prices | -3.5% |
| 2021 | 76.68 billion international-$ in 2021 prices | +7.7% |
| 2022 | 84.07 billion international-$ in 2021 prices | +9.6% |
| 2023 | 89.43 billion international-$ in 2021 prices | +6.4% |
Georgia compared with similar countries
- Georgia's 89.43 billion international-$ in 2021 prices is below the median for upper middle income countries, which is 148.60 billion international-$ in 2021 prices, 60% of the median. (51 countries reporting)
- Georgia's 89.43 billion international-$ in 2021 prices is below the median for Europe & Central Asia, which is 314.74 billion international-$ in 2021 prices, 28% 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 | -56.2% | 60.61 billion international-$ in 2021 prices | 26.54 billion international-$ in 2021 prices |
| 1993 | -38.8% | 26.54 billion international-$ in 2021 prices | 16.24 billion international-$ in 2021 prices |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.62 billion international-$ in 2021 prices | 14.13 billion international-$ in 2021 prices | 70.40 billion international-$ in 2021 prices | 10 |
| 2000s | 28.45 billion international-$ in 2021 prices | 18.51 billion international-$ in 2021 prices | 39.55 billion international-$ in 2021 prices | 10 |
| 2010s | 55.07 billion international-$ in 2021 prices | 41.72 billion international-$ in 2021 prices | 73.78 billion international-$ in 2021 prices | 10 |
| 2020s | 80.34 billion international-$ in 2021 prices | 71.21 billion international-$ in 2021 prices | 89.43 billion international-$ in 2021 prices | 4 |
Countries ranked near Georgia
- 94 Paraguay 102.71 billion international-$ in 2021 prices compare
- 95 Cambodia 100.91 billion international-$ in 2021 prices compare
- 96 Uruguay 90.61 billion international-$ in 2021 prices compare
- 98 Slovenia 89.18 billion international-$ in 2021 prices compare
- 99 Bahrain 84.47 billion international-$ in 2021 prices compare
- 100 Senegal 74.34 billion international-$ in 2021 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$), annual growth rate 38.45 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Georgia?
- Gross domestic product (gdp) in Georgia was 89.43 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Georgia?
- The highest recorded value was 89.43 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Georgia?
- The lowest recorded value was 14.13 billion international-$ in 2021 prices in 1994.
- How does Georgia rank for gross domestic product (gdp)?
- Georgia ranks 97th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Georgia?
- Over the last ten years it is up 87.6%. The long-run trend across the full record is volatile.
- Where does this Georgia data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – 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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CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.