Georgia GDP Annual Growth Rate

Last Release

Dec 31, 2024

Actual

8.3

Units In

8.4

Frequency

Quarterly

Next Release

Dec 19, 2025

Time to Release

2 Months 29 Days 9 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 of Georgia grew by 7.3% year-on-year in the second quarter of 2025, after expanding 9.8% in the first quarter. This marked the slowest pace of growth since the fourth quarter of 2023, amid weaker activity in mining and quarrying (0.1% vs 12.9% in Q1), wholesale and retail trade; repair of motor vehicles (1.5% vs 6.1%), transportation and storage (3.1% vs 9.5%), real estate (1.7% vs 12.9%), administrative and support services (13.6% vs 29.7%), public administration and defence; compulsory social security (9.1% vs 11%), and human health and social work (14.3% vs 17.9%). Output also contracted in construction (-2.6% vs +4.5%) and agriculture, forestry and fishing (-2.5% vs -4.6%). Conversely, activity increased in information and communication (37.1% vs 28.6%), education (28.9% vs 27.7%), financial and insurance services (11.8% vs 8.7%), accommodation and food service activities (8.4% vs 3.2%), and manufacturing (2% vs 0.8%).