Gross Domestic Product — Value Standard Local Currency, annual growth in Georgia
Georgia: Gross Domestic Product — Value Standard Local Currency, annual growth was 13.61 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Georgia, 1992–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value standard local currency, annual growth in Georgia is 13.61 % change on previous year, measured in 2024.
That represents a change of up 34.3% on the previous year and up 53.4% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Georgia peaked at 622.32 % change on previous year in 1992 and was at its lowest, -5.71 % change on previous year, in 2009.
Georgia ranks 41st of 218 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, annual growth in Georgia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | 622.32 % change on previous year | — |
| 1995 | 115.07 % change on previous year | -81.5% |
| 1996 | 4.74 % change on previous year | -95.9% |
| 1997 | 17.74 % change on previous year | +274.5% |
| 1998 | 10.26 % change on previous year | -42.2% |
| 1999 | 12.88 % change on previous year | +25.5% |
| 2000 | 6.6 % change on previous year | -48.7% |
| 2001 | 10.44 % change on previous year | +58.1% |
| 2002 | 11.72 % change on previous year | +12.2% |
| 2003 | 14.86 % change on previous year | +26.8% |
| 2004 | 14.71 % change on previous year | -1.0% |
| 2005 | 18.29 % change on previous year | +24.3% |
| 2006 | 18.66 % change on previous year | +2.1% |
| 2007 | 23.23 % change on previous year | +24.5% |
| 2008 | 12.25 % change on previous year | -47.3% |
| 2009 | -5.71 % change on previous year | -146.6% |
| 2010 | 17.06 % change on previous year | -398.9% |
| 2011 | 17.84 % change on previous year | +4.6% |
| 2012 | 6.89 % change on previous year | -61.4% |
| 2013 | 4.45 % change on previous year | -35.4% |
| 2014 | 8.87 % change on previous year | +99.4% |
| 2015 | 8.91 % change on previous year | +0.4% |
| 2016 | 5.8 % change on previous year | -34.8% |
| 2017 | 13.09 % change on previous year | +125.6% |
| 2018 | 9.76 % change on previous year | -25.5% |
| 2019 | 9.59 % change on previous year | -1.7% |
| 2020 | 0.1251 % change on previous year | -98.7% |
| 2021 | 21.96 % change on previous year | +17459.3% |
| 2022 | 19.99 % change on previous year | -9.0% |
| 2023 | 10.14 % change on previous year | -49.3% |
| 2024 | 13.61 % change on previous year | +34.3% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual 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 |
|---|---|---|---|
| 2021 | +17459.3% | 0.1251 % change on previous year | 21.96 % change on previous year |
| 2010 | +398.9% | -5.71 % change on previous year | 17.06 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 130.5 % change on previous year | 4.74 % change on previous year | 622.32 % change on previous year | 6 |
| 2000s | 12.51 % change on previous year | -5.71 % change on previous year | 23.23 % change on previous year | 10 |
| 2010s | 10.23 % change on previous year | 4.45 % change on previous year | 17.84 % change on previous year | 10 |
| 2020s | 13.16 % change on previous year | 0.1251 % change on previous year | 21.96 % change on previous year | 5 |
Countries ranked near Georgia
- 38 Somalia 14.01 % change on previous year compare
- 39 Yemen Ar Rp 13.94 % change on previous year
- 40 Burundi 13.69 % change on previous year compare
- 42 Mongolia 13.51 % change on previous year compare
- 43 Guinea 13.44 % change on previous year compare
- 44 Kazakhstan 13.24 % 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)
- 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 — value standard local currency, annual growth in Georgia?
- Gross domestic product — value standard local currency, annual growth in Georgia was 13.61 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Georgia?
- The highest recorded value was 622.32 % change on previous year in 1992.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Georgia?
- The lowest recorded value was -5.71 % change on previous year in 2009.
- How does Georgia rank for gross domestic product — value standard local currency, annual growth?
- Georgia ranks 41st out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Georgia?
- Over the last ten years it is up 53.4%. 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 — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.