[ Nominal GDP in billions of USD ]
Year -
$34.19 billions
Georgia GDP expanded from 1987 to 2024, increasing from $7.32 billion to $34.19 billion.The compound annual growth rate (CAGR) averaged 4.25% over the period. The economy recorded its peak level in 2024 and its lowest level in 1994. Growth volatility remained high. The maximum drawdown reached 71.8%, indicating the largest cyclical decline from peak levels. The country experienced 5 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 34.19 Billions | $ 104.64 Int Billions |
| Growth (YoY) | 11.085% | 12.332% |
| Net Change vs Previous Year | $ 3.41 Billion | $ 11.49 Int Billion |
| % of World GDP | 0.03% | 0.05% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | - | - | - | - | - | - |
| 1972 | - | - | - | - | - | - |
| 1973 | - | - | - | - | - | - |
| 1974 | - | - | - | - | - | - |
| 1975 | - | - | - | - | - | - |
| 1976 | - | - | - | - | - | - |
| 1977 | - | - | - | - | - | - |
| 1978 | - | - | - | - | - | - |
| 1979 | - | - | - | - | - | - |
| 1980 | - | - | - | - | - | - |
| 1981 | - | - | - | - | - | - |
| 1982 | - | - | - | - | - | - |
| 1983 | - | - | - | - | - | - |
| 1984 | - | - | - | - | - | - |
| 1985 | - | - | - | - | - | - |
| 1986 | - | - | - | - | - | - |
| 1987 | 7.32 | - | - | - | - | - |
| 1988 | 8.83 | 1.51 | 20.645 % | - | - | - |
| 1989 | 8.9 | 0.07 | 0.782 % | - | - | - |
| 1990 | 7.74 | -1.17 | -13.105 % | 28.02 | - | - |
| 1991 | 6.32 | -1.41 | -18.245 % | 22.86 | -5.16 | -18.432 % |
| 1992 | 3.69 | -2.63 | -41.65 % | 12.88 | -9.98 | -43.644 % |
| 1993 | 2.7 | -0.99 | -26.804 % | 9.32 | -3.56 | -27.624 % |
| 1994 | 2.51 | -0.19 | -6.935 % | 8.53 | -0.79 | -8.485 % |
| 1995 | 2.69 | 0.18 | 7.155 % | 8.94 | 0.41 | 4.748 % |
| 1996 | 3.09 | 0.4 | 14.894 % | 10.12 | 1.18 | 13.238 % |
| 1997 | 3.51 | 0.42 | 13.428 % | 11.38 | 1.26 | 12.427 % |
| 1998 | 3.61 | 0.1 | 2.933 % | 11.86 | 0.48 | 4.26 % |
| 1999 | 2.8 | -0.81 | -22.512 % | 12.38 | 0.51 | 4.323 % |
| 2000 | 3.06 | 0.26 | 9.195 % | 12.89 | 0.51 | 4.147 % |
| 2001 | 3.22 | 0.16 | 5.298 % | 13.81 | 0.92 | 7.167 % |
| 2002 | 3.4 | 0.18 | 5.476 % | 14.79 | 0.98 | 7.113 % |
| 2003 | 3.99 | 0.6 | 17.54 % | 16.76 | 1.96 | 13.25 % |
| 2004 | 5.13 | 1.13 | 28.411 % | 18.2 | 1.45 | 8.638 % |
| 2005 | 6.41 | 1.29 | 25.082 % | 20.57 | 2.37 | 13.027 % |
| 2006 | 7.75 | 1.33 | 20.814 % | 23.21 | 2.63 | 12.796 % |
| 2007 | 10.17 | 2.43 | 31.344 % | 26.83 | 3.63 | 15.626 % |
| 2008 | 12.8 | 2.62 | 25.776 % | 28.01 | 1.18 | 4.395 % |
| 2009 | 10.77 | -2.03 | -15.852 % | 27.16 | -0.86 | -3.056 % |
| 2010 | 12.43 | 1.66 | 15.417 % | 29.2 | 2.05 | 7.538 % |
| 2011 | 15.48 | 3.05 | 24.53 % | 32.17 | 2.97 | 10.161 % |
| 2012 | 16.89 | 1.42 | 9.17 % | 37.51 | 5.34 | 16.608 % |
| 2013 | 17.52 | 0.62 | 3.689 % | 40.14 | 2.63 | 7.007 % |
| 2014 | 17.97 | 0.45 | 2.559 % | 43.78 | 3.64 | 9.066 % |
| 2015 | 15.22 | -2.74 | -15.263 % | 45.71 | 1.93 | 4.403 % |
| 2016 | 15.44 | 0.22 | 1.45 % | 48.7 | 2.99 | 6.548 % |
| 2017 | 16.47 | 1.03 | 6.66 % | 51.14 | 2.44 | 5.017 % |
| 2018 | 17.9 | 1.43 | 8.677 % | 55.98 | 4.84 | 9.455 % |
| 2019 | 17.64 | -0.26 | -1.476 % | 62.39 | 6.41 | 11.446 % |
| 2020 | 16.01 | -1.63 | -9.227 % | 62.51 | 0.12 | 0.195 % |
| 2021 | 18.85 | 2.84 | 17.752 % | 70.15 | 7.64 | 12.225 % |
| 2022 | 24.98 | 6.13 | 32.522 % | 83.39 | 13.24 | 18.869 % |
| 2023 | 30.78 | 5.79 | 23.187 % | 93.15 | 9.77 | 11.712 % |
| 2024 | 34.19 | 3.41 | 11.085 % | 104.64 | 11.49 | 12.332 % |
Between 1987 to 2024, Georgia experienced the following economic phases:
The most remarkable growth occurred in 2022 with an increase of 32.522%, while the largest decline was in 1992 at -41.65%.