Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters. Meanwhile, tourism-related services performed well, as tourist arrivals from abroad increased significantly. GDP From Mining in Georgia increased to 106.80 GEL Million in the third quarter of 2019 from 89.30 GEL Million in the second quarter of 2019. Establishment of an attractive business environment led to significant inflow of Foreign Direct Investment Georgia September Inflation Rate at 1-1/2-Year Low of 3.8%, Georgia Economy Shrinks for 1st Time Since 2009, Georgia Q4 Industrial Output Growth Eases to 12.2%, Georgia Producer Prices Rise the Least in 4 Months, Georgia Current Account Gap Narrows in Q2, Georgia Jobless Rate Falls to 13-Year Low, European Stocks End Higher Led by Banks and Autos. Global Economic Prospects . We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Georgia GDP represents 2.82% of US GDP which made it the 9th largest economy in the nation in 2016. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Publish your articles and forecasts in our website. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Georgia shown above. About GDP plummeted 12.3% year-on-year in Q2, marking the worst result on record as the economy felt the unprecedented impact of the pandemic. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Georgia’s economy grew by 2.7% in 2016, driven by construction and other non-tradables. Aussprache [ ˈdʒɔɹdʒə]), amtlich englisch State of Georgia, ist ein Bundesstaat im Südosten der Vereinigten Staaten von Amerika (USA). Please check your download folder. Nominal Georgia per-capita GDP is 15.41% higher today than 5 years prior in 2011. Please check your download folder. In addition, contractions were seen in professional, scientific & technical activities (-13.1% vs 14.4%); finance & insurance (-6.1% vs -10.3%) and electricity, gas supply (-6.6% vs 4.2%). Companies in Georgia don't just grow, they change the landscape. Real Georgia per-capita GDP is 6.13% higher today than 5 years prior in 2011. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Since 2003's Rose Revolution, the new Government of Georgia implemented broad and comprehensive reforms, that touched every aspect of the country's life. Real dollar values expressed in 2009 chained dollars. 5 years of economic forecasts for more than 30 economic indicators. Over the last few years Georgian economy has been one of the fastest in the FSU. It is an institution established to produce the statistics and disseminate the statistical information according to the Georgian legislation. ADB's key development priorities in Georgia include fostering inclusive and sustainable economic growth, accelerating poverty reduction, and enhancing regional connectivity. Georgia Jump to. The ruling Georgian Dream-Democratic Georgia (GD-DG) party enjoys a large majority in parliament. To learn more about cookies, click here. Georgia’s GDP expanded 5.8 percent year-on-year in the third quarter of 2019, accelerating from an upwardly revised 4.6 percent advance in the previous period. Georgia’s governance indicators typically exceed Europe and Central Asia and upper-middle-income country averages (World Governance Indicators). Industry constitutes 23 percent with manufacturing (10 percent) and construction (9 percent). Output growth accelerated mainly for: manufacturing (6.3% vs 4.9%), transport (8.3% vs 2.2%), real estate activities (7% vs 3.8%), arts, entertainment and recreation (25.2% vs 19.9% ), electricity, gas and water supply (4.2% vs 2.6%), wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods (12.4% vs 9.8%), education (11.2% vs 6.3%), while that of mining and quarrying rebounded (0.4% vs -2.2%). The Trading Economics Application Programming Interface (API) provides direct access to our data. It was the weakest pace of expansion since the last quarter of 2016, reflecting the early effects of tough containment measures deployed at the end of March to contain the Covid-19 pandemic. Georgia GDP was $525,360,000,000 in 2016 according to BEA data. Georgien BIP Letzte Zuletzt Höchste Unterste Einheit; BIP Veränderung zum Vorjahr 5.10: 5.80: 13.90-8.70: Percent: BIP 20.00 “The decreasing tendency occurred in almost all sectors, except in the mining, quarrying and manufacturing sector,” Geostat noted. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. Explore raw data about the World Bank's finances - slice and dice datasets; visualize data; share it with other site users or through social networks; or take it home with a mobile app. Press Download historical data for 20 million indicators using your browser. IBRD/IDA Operations Approved by Fiscal Year, New and Supplemental Projects by Fiscal Year, Summary of Contributions to Financial Intermediary Funds, Average Monthly Temperature 1901 - 2009 (C), Average Monthly Rainfall 1901 - 2009 (mm), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building, Poverty headcount ratio at national poverty lines (% of population), GNI per capita, Atlas method (current US$), Statistical Capacity score (Overall average). Georgia’s real GDP contracted by 5.3% year-on-year in August, according to the rapid estimates released by the National Statistics Office (Geostat) on September 30. Georgia GDP Components: Per-Capita GDP & Popuation. Growth was driven by construction (17.1 percent), manufacturing (4.9 percent), transport (2.2 percent), real estate, renting and business activities (3.8 percent), arts, … Georgia GDP was $461,106,000,000 in 2016. Exports of goods and services account for 50 percent of GDP while imports account for 62 percent, subtracting 12 percent of total GDP. Georgia per-capita GDP was $50,506 in 2016. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. Considering full year 2019, the enomy grew 5.1% from a year earlier, after expanding by 4.8% in 2018. Data on is for informational purposes only. Climate Change. On the expenditure side, household consumption is the main component of GDP and accounts for 61 percent of its total use, followed by gross fixed capital formation (30 percent) and government expenditure (17 percent). 2004-2020 Data | 2021-2022 Forecast | Calendar. Georgia GDP was $461,106,000,000 in 2016 according to BEA data. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. Climate Change. Georgia’s GDP expanded 5.8 percent year-on-year in the third quarter of 2019, accelerating from an upwardly revised 4.6 percent advance in the previous period. Georgia's economy advanced by 2.2% year-on-year in the first quarter of 2020, slowing from a 5.1% growth in the previous period.

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