Georgia - GDP

GDP (current US$)

The latest value for GDP (current US$) in Georgia was $15,846,490,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between $17,627,000,000 in 2014 and $2,513,871,000 in 1994.

Definition: 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. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1990 $7,753,502,000
1991 $6,357,616,000
1992 $3,690,329,000
1993 $2,701,181,000
1994 $2,513,871,000
1995 $2,693,732,000
1996 $3,094,935,000
1997 $3,510,520,000
1998 $3,613,498,000
1999 $2,800,026,000
2000 $3,057,475,000
2001 $3,219,489,000
2002 $3,395,728,000
2003 $3,991,285,000
2004 $5,125,365,000
2005 $6,410,824,000
2006 $7,745,394,000
2007 $10,172,880,000
2008 $12,795,080,000
2009 $10,766,840,000
2010 $12,243,510,000
2011 $15,107,440,000
2012 $16,488,400,000
2013 $17,189,550,000
2014 $17,627,000,000
2015 $14,953,950,000
2016 $15,141,760,000
2017 $16,242,920,000
2018 $17,599,700,000
2019 $17,477,260,000
2020 $15,846,490,000

GDP (current LCU)

The value for GDP (current LCU) in Georgia was 49,266,740,000 as of 2020. As the graph below shows, over the past 55 years this indicator reached a maximum value of 49,266,740,000 in 2020 and a minimum value of 3,900 in 1965.

Definition: 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 local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1965 3,900
1966 4,200
1967 4,500
1968 4,700
1969 5,100
1970 5,700
1971 6,000
1972 6,100
1973 6,500
1974 7,200
1975 7,800
1976 8,300
1977 9,000
1978 9,700
1979 10,700
1980 11,300
1981 12,300
1982 13,000
1983 13,200
1984 14,000
1985 14,000
1986 13,700
1987 14,200
1988 14,600
1989 14,400
1990 15,000
1991 19,200
1992 149,200
1993 16,396,900
1994 902,300,000
1995 2,432,204,000
1996 3,868,500,000
1997 4,554,900,000
1998 5,022,100,000
1999 5,668,700,000
2000 6,043,100,000
2001 6,674,000,000
2002 7,456,000,000
2003 8,564,100,000
2004 9,824,300,000
2005 11,620,900,000
2006 13,789,900,000
2007 16,993,800,000
2008 19,074,900,000
2009 17,986,000,000
2010 21,821,600,000
2011 25,478,700,000
2012 27,227,300,000
2013 28,593,100,000
2014 31,124,000,000
2015 33,935,000,000
2016 35,836,000,000
2017 40,761,600,000
2018 44,599,400,000
2019 49,252,660,000
2020 49,266,740,000

GDP at market prices: linked series (current LCU)

The latest value for GDP at market prices: linked series (current LCU) in Georgia was 49,266,740,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 49,266,740,000 in 2020 and 15,000 in 1990.

Definition: 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.

Source: World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.

Year Value
1990 15,000
1991 19,200
1992 149,200
1993 16,396,900
1994 902,300,000
1995 2,432,204,000
1996 3,868,500,000
1997 4,554,900,000
1998 5,022,100,000
1999 5,668,700,000
2000 6,043,100,000
2001 6,674,000,000
2002 7,456,000,000
2003 8,564,100,000
2004 9,824,300,000
2005 11,620,900,000
2006 13,789,900,000
2007 16,993,800,000
2008 19,074,900,000
2009 17,986,000,000
2010 21,821,600,000
2011 25,478,700,000
2012 27,227,300,000
2013 28,593,100,000
2014 31,124,000,000
2015 33,935,000,000
2016 35,836,000,000
2017 40,761,600,000
2018 44,599,400,000
2019 49,252,660,000
2020 49,266,740,000

GDP (constant 2010 US$)

The latest value for GDP (constant 2010 US$) in Georgia was 16,557,390,000 as of 2020. Over the past 55 years, the value for this indicator has fluctuated between 21,934,970,000 in 1985 and 4,689,605,000 in 1994.

Definition: 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 constant 2010 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2010 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1965 7,043,866,000
1966 7,574,665,000
1967 8,048,082,000
1968 8,406,731,000
1969 8,808,417,000
1970 9,870,019,000
1971 10,113,900,000
1972 10,400,820,000
1973 11,075,080,000
1974 12,050,600,000
1975 12,940,050,000
1976 13,729,080,000
1977 14,675,910,000
1978 15,766,210,000
1979 16,928,230,000
1980 17,702,910,000
1981 18,635,400,000
1982 19,008,390,000
1983 19,826,110,000
1984 20,902,060,000
1985 21,934,970,000
1986 20,141,720,000
1987 20,399,950,000
1988 21,533,280,000
1989 19,983,920,000
1990 17,028,650,000
1991 13,435,600,000
1992 7,403,019,000
1993 5,233,934,000
1994 4,689,605,000
1995 4,811,535,000
1996 5,350,427,000
1997 5,913,241,000
1998 6,096,841,000
1999 6,271,775,000
2000 6,387,071,000
2001 6,693,999,000
2002 7,060,418,000
2003 7,841,210,000
2004 8,295,568,000
2005 9,091,078,000
2006 9,947,437,000
2007 11,198,720,000
2008 11,469,570,000
2009 11,050,870,000
2010 11,741,490,000
2011 12,610,360,000
2012 13,413,520,000
2013 13,899,260,000
2014 14,515,270,000
2015 14,953,950,000
2016 15,388,580,000
2017 16,133,790,000
2018 16,915,130,000
2019 17,757,900,000
2020 16,557,390,000

GDP (constant LCU)

The value for GDP (constant LCU) in Georgia was 37,573,690,000 as of 2020. As the graph below shows, over the past 55 years this indicator reached a maximum value of 49,777,030,000 in 1985 and a minimum value of 10,642,120,000 in 1994.

Definition: GDP 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 constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1965 15,984,640,000
1966 17,189,190,000
1967 18,263,510,000
1968 19,077,390,000
1969 19,988,940,000
1970 22,398,030,000
1971 22,951,470,000
1972 23,602,580,000
1973 25,132,680,000
1974 27,346,440,000
1975 29,364,860,000
1976 31,155,400,000
1977 33,304,050,000
1978 35,778,250,000
1979 38,415,230,000
1980 40,173,220,000
1981 42,289,310,000
1982 43,135,750,000
1983 44,991,400,000
1984 47,433,040,000
1985 49,777,030,000
1986 45,707,620,000
1987 46,293,610,000
1988 48,865,470,000
1989 45,349,500,000
1990 38,643,120,000
1991 30,489,420,000
1992 16,799,670,000
1993 11,877,370,000
1994 10,642,120,000
1995 10,918,820,000
1996 12,141,720,000
1997 13,418,920,000
1998 13,835,560,000
1999 14,232,540,000
2000 14,494,180,000
2001 15,190,690,000
2002 16,022,210,000
2003 17,794,060,000
2004 18,825,130,000
2005 20,630,380,000
2006 22,573,720,000
2007 25,413,260,000
2008 26,027,890,000
2009 25,077,740,000
2010 26,644,970,000
2011 28,616,700,000
2012 30,439,300,000
2013 31,541,600,000
2014 32,939,500,000
2015 33,935,000,000
2016 34,921,300,000
2017 36,612,400,000
2018 38,385,510,000
2019 40,298,010,000
2020 37,573,690,000

GDP, PPP (current international $)

The latest value for GDP, PPP (current international $) in Georgia was 54,844,550,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 58,120,640,000 in 2019 and 8,373,469,000 in 1994.

Definition: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP 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 international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 27,502,290,000
1991 22,433,120,000
1992 12,642,340,000
1993 9,149,997,000
1994 8,373,469,000
1995 8,771,327,000
1996 9,932,303,000
1997 11,173,370,000
1998 11,649,960,000
1999 12,157,260,000
2000 12,657,520,000
2001 13,556,740,000
2002 14,524,990,000
2003 16,430,840,000
2004 17,850,910,000
2005 20,172,110,000
2006 22,740,220,000
2007 26,288,410,000
2008 27,447,930,000
2009 26,647,550,000
2010 28,642,800,000
2011 31,404,960,000
2012 36,640,110,000
2013 39,451,050,000
2014 43,054,250,000
2015 45,035,490,000
2016 47,930,060,000
2017 50,662,480,000
2018 54,391,330,000
2019 58,120,640,000
2020 54,844,550,000

GDP, PPP (constant 2011 international $)

The latest value for GDP, PPP (constant 2011 international $) in Georgia was 51,992,670,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 55,762,450,000 in 2019 and 14,726,060,000 in 1994.

Definition: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP 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 constant 2011 international dollars.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 53,472,490,000
1991 42,189,800,000
1992 23,246,580,000
1993 16,435,330,000
1994 14,726,060,000
1995 15,108,930,000
1996 16,801,130,000
1997 18,568,450,000
1998 19,144,980,000
1999 19,694,310,000
2000 20,056,350,000
2001 21,020,150,000
2002 22,170,760,000
2003 24,622,560,000
2004 26,049,320,000
2005 28,547,340,000
2006 31,236,430,000
2007 35,165,640,000
2008 36,016,150,000
2009 34,701,380,000
2010 36,870,030,000
2011 39,598,420,000
2012 42,120,440,000
2013 43,645,760,000
2014 45,580,100,000
2015 46,957,630,000
2016 48,322,420,000
2017 50,662,480,000
2018 53,116,030,000
2019 55,762,450,000
2020 51,992,670,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts