Economy overview

Georgia’s real GDP shows how the volume of goods and services produced in the country changes, excluding the effect of price changes. The chart presents data in US dollars at constant 2015 prices, allowing the size of the economy to be compared across different years.

In 2025, Georgia’s real GDP reached $27.1 billion — the highest level in the displayed 1960–2025 series. The economy grew by 56.0% over the last five years, from 2020 to 2025, and by 77.8% over the last ten years, from 2015 to 2025. When interpreting the five-year increase, bear in mind that the starting year, 2020, was a year of economic contraction.

To compare different periods of government, real GDP changed as follows between the specified years:

The periods differ in length, so average annual growth is more useful for comparing the pace of expansion. This comparison describes economic changes between the specified years; it does not isolate the effect of a particular government’s policies from other factors.

Georgia’s real GDP during the Soviet period peaked in 1985 at $21.9 billion. Following the subsequent decline and recovery, the economy approached that level in 2022, when real GDP reached $21.3 billion. It first exceeded the peak in 2023, reaching $23.0 billion — 38 years after the historical high.

Across the available Soviet-period data, average annual real growth was 4.0% between 1960 and 1990. This includes both the years of expansion and the decline following the 1985 peak.

Source: World Bank. Period growth figures are calculated from published real GDP data. Average annual growth is the compound annual growth rate (CAGR). Comparisons of early historical data should take account of the limitations described in the methodology.

Georgia’s nominal GDP measures the value of goods and services produced in the country during a year at current prices. Changes reflect both changes in the real volume of production and changes in prices.

In 2025, Georgia’s nominal GDP was GEL 104.6 billion, equivalent to USD 38.1 billion in Geostat’s published dollar figures. Nominal GDP in GEL increased by 12.4% compared with the previous year. The 2025 data are preliminary.

Over the last five years, from 2020 to 2025, nominal GDP in GEL grew by 110.1%, from GEL 49.8 billion to GEL 104.6 billion. Over the last ten years, from 2015 to 2025, it grew by 202.8%, meaning the monetary value of the economy roughly tripled. This does not mean the real volume of production also tripled: nominal growth includes rising prices.

The GEL and USD figures describe the value of the same economy, but their rates of change can differ because of exchange-rate movements. Real GDP is therefore used to assess real economic growth, while nominal GDP shows the monetary size of the economy at each year’s prices.

Source: Geostat. The chart covers 1996–2025. Comparisons between data before and after 2010 should take account of the change in national accounts methodology.

Real GDP growth shows the percentage increase or decrease in the size of Georgia’s economy compared with the previous year, excluding the effect of price changes. A positive figure means economic expansion; a negative figure means contraction.

Georgia’s economy grew by 7.5% in 2025, compared with 9.7% in 2024. The growth rate therefore slowed by approximately 2.2 percentage points, although the size of the economy continued to increase. Slower growth does not mean the economy is shrinking.

To compare different periods, average annual and total real GDP growth were as follows:

The economy grew faster on average in the first period, while total growth was higher in the second because it covers more years: 13 years compared with 9 in the first. This comparison describes economic changes between the specified years; it does not isolate the effect of a particular government’s policies from other factors.

Over the longer 2000–2025 period, the highest annual growth rate was 12.6% in 2007. The economy contracted in only two years during this period: by 3.7% in 2009 and by 6.3% in 2020.

The previous year’s conditions matter when interpreting annual growth: a high percentage increase following a contraction may partly reflect the recovery of lost output. Annual percentages are not added together to calculate growth over several years; each year’s change applies to the previous year’s economic output.

Source: World Bank. The chart presents annual real GDP growth for 1961–2025. Average annual growth is the compound annual growth rate (CAGR), calculated by comparing real GDP in the first and last years of each period.

GDP per capita shows how much of the value created in the country’s economy during a year corresponds, on average, to one resident. It is calculated by dividing gross domestic product by the population. The chart presents nominal figures at each year’s current prices, in GEL and US dollars.

In 2025, Georgia’s GDP per capita was GEL 28,235, equivalent to USD 10,297 in Geostat’s published dollar figures. Compared with the previous year, the figure increased by 12.3% in GEL and by 11.4% in USD. The 2025 data are preliminary.

Over the last five years, from 2020 to 2025, GDP per capita in GEL grew by 111.1%, from GEL 13,374 to GEL 28,235. Over the last ten years, from 2015 to 2025, it grew by 204.5%, roughly tripling. In USD, growth over the same periods was 139.4% and 152.0%, respectively.

GDP per capita is not the average wage or income that each person receives. It describes the average scale of economic output per resident and does not show how the income generated is distributed across the population.

Changes in this measure are affected by both nominal GDP and population size. The USD figure is also affected by exchange rates. Since the data are at current prices, an increase does not by itself mean an equivalent improvement in purchasing power.

Source: Geostat. The chart covers 1996–2025. Comparisons between data before and after 2010 should take account of the change in national accounts methodology.