Gross domestic product in current prices

16.72 (billion US dollars) in 2018

GDP of Georgia surged by 10.28% from 15.16 billion US dollars in 2017 to 16.72 billion US dollars in 2018. Since the 15.25% slump in 2015, GDP soared by 19.43% in 2018.

The description is composed by our digital data assistant.

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates.

Date Value Change, %
2018 16.72 10.28%
2017 15.16 5.44%
2016 14.38 2.72%
2015 14.00 -15.25%
2014 16.52 2.32%
2013 16.14 1.86%
2012 15.85 9.78%
2011 14.44 24.03%
2010 11.64 8.09%
2009 10.77 -15.85%
2008 12.80 25.77%
2007 10.17