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Georgia Real GDP

Georgia's real GDP rose to $25.13 billion in 2024, up from $22.96 billion in 2023, according to World Bank. This represents an increase of 9.4% ($2.17 billion) from the previous year and accounts for 0.03% of the world's total real GDP. Georgia has real GDP lower than the global median ($25.13 billion vs median $29.34 billion). Compared with the median in Asia, Georgia is lower ($25.13 billion vs regional median $91.45 billion) and ranks 35th out of 47 countries in Asia.

Georgia's GDP per capita rose to $6,840.01 in 2024, up from $6,180.62 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year Real GDP (Billion USD)
2024 25.13
2023 22.96
2022 21.3
2021 19.19
2020 17.35
2019 18.51
2018 17.57
2017 16.56
2016 15.75
2015 15.22
2014 14.73
2013 14.15
2012 13.46
2011 12.63
2010 11.7
2009 11.01
2008 11.43
2007 11.16
2006 9.91
2005 9.06
2004 8.27
2003 7.81
2002 7.04
2001 6.67
2000 6.37
1999 6.25
1998 6.08
1997 5.89
1996 5.33
1995 4.8
1994 4.67
1993 5.22
1992 7.38
1991 13.39
1990 16.97
1989 19.92
1988 21.46
1987 20.33
1986 20.07
1985 21.86
1984 20.83
1983 19.76
1982 18.94
1981 18.57
1980 17.64
1979 16.87
1978 15.71
1977 14.63
1976 13.68
1975 12.9
1974 12.01
1973 11.04
1972 10.37
1971 10.08
1970 9.84
1969 8.78
1968 8.38
1967 8.02
1966 7.55
1965 7.02
1964 6.35
1963 6.02
1962 5.78
1961 5.5
1960 5.24
Georgia Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Georgia, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $33.78B $30.78B 2024
GDP Annual Growth Rate 9.43% 7.83% 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