Economic Growth in Georgia
Georgia's economy recorded average real GDP growth of 4.3% in the decade to 2022, above the 2.5% average for Eastern Europe. In 2022, real GDP growth was 10.2%. For more GDP information, visit our dedicated page.
Georgia GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Georgia from 2021 to 2020.
Source: Macrobond.
Georgia GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 5.4 | -6.3 | 10.6 | 11.0 | 7.5 |
| GDP (USD bn) | 17.6 | 16.0 | 18.9 | 25.0 | 30.8 |
| GDP (EUR bn) | 15.8 | 14.0 | 15.9 | 23.7 | 28.4 |
| GDP (GEL bn) | 49.7 | 49.8 | 60.7 | 72.9 | 80.9 |
| Economic Growth (Nominal GDP, ann. var. %) | 9.6 | 0.1 | 22.0 | 20.0 | 11.0 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Gerogian GDP projections for the next ten years from a panel of 13 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Gerogian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Gerogian GDP projections.
Want to get access to the full dataset of Gerogian GDP forecasts? Send an email to info@focus-economics.com.