georgia gdp

My Cart Georgia’s economy grew by 2.7% in 2016, driven by construction and other non-tradables. Here you can query, map, compare, chart and summarize key climate-related information.

Click on the button below to get started. GDP From Mining in Georgia averaged 59.45 GEL Million from 2003 until 2019, reaching an all time high of 109.20 GEL Million in the third quarter of 2018 and a record low of 17.30 GEL Million in the first quarter of 2006. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. Considering full year 2019, the enomy grew 5.1% from a year earlier, after expanding by 4.8% in 2018. 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. 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. National Statistics Office of Georgia is established by the Law of Georgia, dd 11 December 2009, on Official Statistics.

The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Georgia shown above. This was the strongest GDP growth rate since the first quarter last year. The country also remains one of the most business friendly countries globally, placing seventh out of 190 countries in the World Bank’s Doing Business 2020 rankings. Climate Change. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Get a sample report showing our regional, country and commodities data and analysis. 1990-2019 Data | 2020-2022 Forecast | Historical | Chart | News. The Trading Economics Application Programming Interface (API) provides direct access to our data. It was the weakest pace of expansion since the last quarter of 2016, reflecting the early effects of tough containment measures deployed at the end of March to contain the Covid-19 pandemic. Direct access to our calendar releases and historical data. Georgia’s real GDP contracted by 5.3% year-on-year in August, according to the rapid estimates released by the National Statistics Office (Geostat) on September 30. Georgia's economy shrank by 12.3% year-on-year in the second quarter of 2020, after a 2.2% growth in the previous period. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Georgia’s GDP expanded 5.8 percent year-on-year in the third quarter of 2019, accelerating from an upwardly revised 4.6 percent advance in the previous period. GDP From Mining in Georgia increased to 106.80 GEL Million in the third quarter of 2019 from 89.30 GEL Million in the second quarter of 2019.

If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Global Economic Prospects . The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets.

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