Georgia GDP Annual Growth Rate

Last Release

Dec 31, 2024

Actual

8.3

Units In

8.4

Frequency

Quarterly

Next Release

Mar 20, 2026

Time to Release

2 Months 27 Days 18 Hours

Highest	Lowest	Average	Date Range	Source
28.9 Jun 2021	-14.5 Jun 2020	5.45 %	2004-2024	National Statistics Office of Georgia

The most important sector of Georgian economy is services and accounts for 69 percent of total GDP, of which wholesale and retail trade, repair of motor vehicles, motorcycles and personal and household goods (17 percent); public administration (8 percent); transport (8 percent) and real estate, renting and business activities (7 percent). Industry constitutes 23 percent with manufacturing (10 percent) and construction (9 percent). Agriculture, hunting, forestry and fishing create 8 percent of the wealth. 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). Exports of goods and services account for 50 percent of GDP while imports account for 62 percent, subtracting 12 percent of total GDP.

Latest Updates

The economy in Georgia grew by 6.4% year-on-year in the third quarter of 2025, after expanding 7.4% in the previous quarter. This marked the slowest pace of growth since the fourth quarter of 2023, amid weaker activity in information and communication (21.1% vs 37.1% in Q2), administrative and support services (9.6% vs 13.6%), education (20.7% vs 28.9%), human health and social work activities (10.4% vs 14.3%), and arts, entertainment, and recreation (13% vs 16%). At the same time, output contracted in mining and quarrying (-8.7% vs 0.1%), water supply (-0.8% vs 8.4%), and agriculture (-5.4% vs -2.5%). On the other hand, activity increased in manufacturing (2.5% vs 2%), wholesale and retail trade (3% vs 1.5%), real estate (2.6% vs 1.7%), financial and insurance activities (14.7% vs 11.8%), and transportation and storage (8.1% vs 3.1%), while it recovered in construction (0.2% vs -2.6%)