Gross domestic product (GDP), annual growth rate (Bolt) in Georgia
Georgia: Gross domestic product (GDP), annual growth rate (Bolt) was 10.11 % change on previous year in 2022. ◆ Volatile
Gross domestic product (GDP), annual growth rate in Georgia, 1981–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), annual growth rate in Georgia is 10.11 % change on previous year, measured in 2022.
Compared with earlier readings it is down 3.4% on the previous year and up 57.5% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Georgia peaked at 12.05 % change on previous year in 2007 and was at its lowest, -45.16 % change on previous year, in 1992.
That places Georgia 7th out of 166 countries with data for 2022, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate (Bolt) in Georgia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1981 | 5.65 % change on previous year | — |
| 1982 | 5.63 % change on previous year | -0.3% |
| 1983 | 5.98 % change on previous year | +6.2% |
| 1984 | 7.95 % change on previous year | +33.0% |
| 1985 | 6.28 % change on previous year | -21.1% |
| 1986 | 0.2909 % change on previous year | -95.4% |
| 1987 | -0.5553 % change on previous year | -290.9% |
| 1988 | 8.63 % change on previous year | -1653.7% |
| 1989 | -2.02 % change on previous year | -123.5% |
| 1990 | -13.83 % change on previous year | +583.2% |
| 1991 | -21.47 % change on previous year | +55.3% |
| 1992 | -45.16 % change on previous year | +110.4% |
| 1993 | -29.63 % change on previous year | -34.4% |
| 1994 | -10.81 % change on previous year | -63.5% |
| 1995 | 2.14 % change on previous year | -119.8% |
| 1996 | 9.96 % change on previous year | +365.6% |
| 1997 | 10.06 % change on previous year | +1.0% |
| 1998 | 2.39 % change on previous year | -76.3% |
| 1999 | 2.46 % change on previous year | +3.0% |
| 2000 | 1.99 % change on previous year | -19.2% |
| 2001 | 4.22 % change on previous year | +112.1% |
| 2002 | 5.1 % change on previous year | +20.8% |
| 2003 | 10.64 % change on previous year | +108.9% |
| 2004 | 5.31 % change on previous year | -50.1% |
| 2005 | 9.07 % change on previous year | +70.8% |
| 2006 | 8.92 % change on previous year | -1.6% |
| 2007 | 12.05 % change on previous year | +35.0% |
| 2008 | 1.94 % change on previous year | -83.9% |
| 2009 | -4.09 % change on previous year | -311.4% |
| 2010 | 5.74 % change on previous year | -240.4% |
| 2011 | 6.72 % change on previous year | +16.9% |
| 2012 | 6.42 % change on previous year | -4.5% |
| 2013 | 3.62 % change on previous year | -43.7% |
| 2014 | 4.44 % change on previous year | +22.8% |
| 2015 | 3.03 % change on previous year | -31.9% |
| 2016 | 2.91 % change on previous year | -4.0% |
| 2017 | 4.84 % change on previous year | +66.7% |
| 2018 | 4.84 % change on previous year | -0.0% |
| 2019 | 4.98 % change on previous year | +2.9% |
| 2020 | -6.76 % change on previous year | -235.7% |
| 2021 | 10.47 % change on previous year | -254.8% |
| 2022 | 10.11 % change on previous year | -3.4% |
Georgia compared with similar countries
- Georgia's 10.11 % change on previous year is above the median for upper middle income countries, which is 3.25 % change on previous year, 3.1× the median. (47 countries reporting)
- Georgia's 10.11 % change on previous year is above the median for Europe & Central Asia, which is 3.71 % change on previous year, 2.7× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate (Bolt) 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 |
|---|---|---|---|
| 1988 | +1653.7% | -0.5553 % change on previous year | 8.63 % change on previous year |
| 1990 | -583.2% | -2.02 % change on previous year | -13.83 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.2 % change on previous year | -2.02 % change on previous year | 8.63 % change on previous year | 9 |
| 1990s | -9.39 % change on previous year | -45.16 % change on previous year | 10.06 % change on previous year | 10 |
| 2000s | 5.51 % change on previous year | -4.09 % change on previous year | 12.05 % change on previous year | 10 |
| 2010s | 4.75 % change on previous year | 2.91 % change on previous year | 6.72 % change on previous year | 10 |
| 2020s | 4.6 % change on previous year | -6.76 % change on previous year | 10.47 % change on previous year | 3 |
Countries ranked near Georgia
- 4 Barbados 11.33 % change on previous year compare
- 5 Niger 11.11 % change on previous year compare
- 6 Panama 10.81 % change on previous year compare
- 8 Saudi Arabia 8.74 % change on previous year compare
- 9 Malaysia 8.69 % change on previous year compare
- 10 Mauritius 8.3 % change on previous year 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0194 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Georgia?
- Gross domestic product (gdp), annual growth rate in Georgia was 10.11 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Georgia?
- The highest recorded value was 12.05 % change on previous year in 2007.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Georgia?
- The lowest recorded value was -45.16 % change on previous year in 1992.
- How does Georgia rank for gross domestic product (gdp), annual growth rate?
- Georgia ranks 7th out of 166 countries with data for 2022.
- Is gross domestic product (gdp), annual growth rate rising or falling in Georgia?
- Over the last ten years it is up 57.5%. The long-run trend across the full record is volatile.
- Where does this Georgia data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.