Georgia's economic activity rose by 7.5% year-on-year in November 2024, following an 11% growth in the previous month. The main positive contributions came from professional, scientific and technical activities; information and communication; and transportation and storage. However, manufacturing contracted. Year-to-date, the country's economic activity expanded by 9.4%. source: National Statistics Office of Georgia

Monthly GDP YoY in Georgia decreased to 7.50 percent in November from 11 percent in October of 2024. Monthly GDP YoY in Georgia averaged 4.89 percent from 2012 until 2024, reaching an all time high of 44.80 percent in April of 2021 and a record low of -16.60 percent in April of 2020. This page includes a chart with historical data for Georgia Monthly GDP YoY. Georgia Monthly GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-29 08:00 AM
GDP YoY
Oct 11% 8.3% 6.0%
2024-12-31 08:00 AM
GDP YoY
Nov 7.5% 11% 10.2%
2025-01-31 07:00 AM
GDP YoY
Dec 7.5%


Related Last Previous Unit Reference
Full Year GDP Growth 7.50 11.00 percent Dec 2023
GDP 30.54 24.98 USD Billion Dec 2023
GDP Growth Rate YoY 11.00 9.60 percent Sep 2024
GDP Constant Prices 18310.20 16477.20 GEL Million Sep 2024
GDP from Agriculture 1255.40 1143.80 GEL Million Sep 2024
GDP from Construction 1258.60 932.70 GEL Million Sep 2024
GDP from Manufacturing 1449.00 1320.40 GEL Million Sep 2024
GDP from Mining 167.00 125.50 GEL Million Sep 2024
GDP from Public Administration 1016.80 1033.40 GEL Million Sep 2024
GDP from Services 2427.60 2190.40 GEL Million Sep 2024
GDP from Transport 1651.30 1493.80 GEL Million Sep 2024
GDP from Utilities 427.60 413.60 GEL Million Sep 2024
GDP per Capita 6086.59 5736.30 USD Dec 2023
GDP per Capita PPP 22246.85 20966.53 USD Dec 2023
Gross Fixed Capital Formation 5109.56 5687.18 GEL Million Sep 2024
Gross National Product 23030.90 20927.10 GEL Million Sep 2024
GDP YoY 7.50 11.00 percent Nov 2024

Georgia Monthly GDP YoY
In Georgia, Monthly GDP YoY refers to the change in the value of the goods and services produced by the country economy (GDP) compared to the corresponding month in the previous year.
Actual Previous Highest Lowest Dates Unit Frequency
7.50 11.00 44.80 -16.60 2012 - 2024 percent Monthly
NSA, PP=000


News Stream
Georgia Economic Activity Growth Remains Solid
Georgia's economic activity rose by 7.5% year-on-year in November 2024, following an 11% growth in the previous month. The main positive contributions came from professional, scientific and technical activities; information and communication; and transportation and storage. However, manufacturing contracted. Year-to-date, the country's economic activity expanded by 9.4%.
2024-12-31
Georgia GDP Growth Accelerates in October
The GDP in Georgia expanded 11% year-on-year in October 2024, following an 8.3% rise in September. Main contributions came from construction, manufacturing, financial and insurance activities, information and communication, transportation and storage, trade. Considering the ten months to October, the economy expanded 10%.
2024-11-29
Georgia Economic Activity at 3-Month Low
Georgia’s economic activity rose 8.3 percent year-on-year in September 2024, the slowest expansion since June, and easing from a 12 percent growth in the previous month. The main positive contributions came from construction, financial and insurance activities, transportation and storage, and trade. On the other hand, the energy sector contracted. Considering the first nine months of 2024, the country's economic activity expanded by 9.8% over a year ago.
2024-10-31