Georgia - Gross value added at factor cost (current LCU)

The value for Gross value added at factor cost (current LCU) in Georgia was 43,136,610,000 as of 2020. As the graph below shows, over the past 40 years this indicator reached a maximum value of 43,137,770,000 in 2019 and a minimum value of 10,500 in 1980.

Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current local currency.

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

Year Value
1980 10,500
1981 11,500
1982 12,100
1983 12,300
1984 13,100
1985 13,100
1986 12,800
1987 13,200
1988 13,600
1989 13,300
1990 14,200
1991 17,800
1992 147,600
1996 3,756,800,000
1997 4,285,200,000
1998 4,781,600,000
1999 5,341,800,000
2000 5,676,200,000
2001 6,238,000,000
2002 6,960,700,000
2003 8,042,100,000
2004 8,989,500,000
2005 10,284,600,000
2006 12,046,800,000
2007 14,611,000,000
2008 16,521,900,000
2009 15,546,300,000
2010 19,286,400,000
2011 22,622,400,000
2012 24,251,700,000
2013 25,538,400,000
2014 27,661,400,000
2015 30,197,200,000
2016 31,555,900,000
2017 35,347,700,000
2018 38,778,700,000
2019 43,137,770,000
2020 43,136,610,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts