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Georgia GDP Annual Growth Rate

Georgia's GDP annual growth rate rose to 9.43% in 2024, up from 7.83% in 2023, according to World Bank. This represents an increase of 1.6% from the previous year. Georgia has the 3rd highest GDP annual growth rate. Other top countries are Guyana, Northern Mariana Islands, Samoa and Kyrgyzstan.

Georgia's real GDP rose to $25.13 billion in 2024, up from $22.96 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 9.43%
2023 7.83%
2022 10.96%
2021 10.64%
2020 -6.29%
2019 5.38%
2018 6.06%
2017 5.16%
2016 3.45%
2015 3.35%
2014 4.09%
2013 5.13%
2012 6.58%
2011 7.93%
2010 6.25%
2009 -3.65%
2008 2.42%
2007 12.58%
2006 9.42%
2005 9.59%
2004 5.79%
2003 11.06%
2002 5.47%
2001 4.81%
2000 1.84%
1999 2.87%
1998 3.1%
1997 10.52%
1996 11.2%
1995 2.6%
1994 -10.4%
1993 -29.3%
1992 -44.9%
1991 -21.1%
1990 -14.79%
1989 -7.19%
1988 5.56%
1987 1.28%
1986 -8.18%
1985 4.94%
1984 5.43%
1983 4.3%
1982 2%
1981 5.27%
1980 4.58%
1979 7.37%
1978 7.43%
1977 6.89%
1976 6.1%
1975 7.38%
1974 8.81%
1973 6.48%
1972 2.84%
1971 2.47%
1970 12.05%
1969 4.78%
1968 4.46%
1967 6.25%
1966 7.54%
1965 10.56%
1964 5.43%
1963 4.2%
1962 5.11%
1961 4.87%
Georgia GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Georgia's total economic output.
Indicator Last Value Prior Value Period
GDP $33.78B $30.78B 2024
GDP per Capita $6,840.01 $6,180.62 2024
GDP per Capita PPP $25,000.63 $22,590.53 2024
R&D Expenditure (% GDP) 0.25% 0.23% 2023
Real GDP $25.13B $22.96B 2024