Georgia GE: GDP: Gross Value Added at Basic Prices

1980 - 2023 | Yearly | GEL mn | World Bank

Georgia GE: GDP: Gross Value Added at Basic Prices data was reported at 69,571.638 GEL mn in 2023. This records an increase from the previous number of 63,396.492 GEL mn for 2022. Georgia GE: GDP: Gross Value Added at Basic Prices data is updated yearly, averaging 8,042.100 GEL mn from Dec 1980 (Median) to 2023, with 41 observations. The data reached an all-time high of 69,571.638 GEL mn in 2023 and a record low of 0.011 GEL mn in 1980. Georgia GE: GDP: Gross Value Added at Basic Prices data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Georgia – Table GE.World Bank.WDI: Gross Domestic Product: Nominal. Gross value added at basic prices (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 basic prices is derived by subtracting net product taxes from GDP. Data are in current local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

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Georgia Georgia GE: GDP: Gross Value Added at Basic Prices

What was Georgia's Georgia GE: GDP: Gross Value Added at Basic Prices in 2023?

Last	Previous	Min	Max	Unit	Frequency	Range
69,571.638 2023	63,396.492 2022	0.011 1980	69,571.638 2023	GEL mn	yearly	1980 - 2023

Related Indicators for Georgia GE: GDP: Gross Value Added at Basic Prices

Related indicators	Last	Frequency	Range
Georgia GE: GDP: Gross Value Added at Basic Prices (GEL mn)	69,571.638 2023	yearly	1980 - 2023
Georgia GE: GDP: Gross Value Added at Factor Cost: Financial Intermediary Servic... (GEL mn)	-596.100 2017	yearly	1996 - 2017
Georgia GE: Gross National Income: Linked Series (GEL mn)	74,911.004 2023	yearly	1990 - 2023
Georgia GE: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Se... (GEL mn)	55,295.791 2023	yearly	1990 - 2023
Georgia GE: GDP: USD: Gross Value Added at Basic Price: Agriculture, Forestry, a... (USD mn)	1,834.178 2023	yearly	1987 - 2023
Georgia GE: GDP: USD: Gross Value Added at Basic Price: Industry (including Cons... (USD mn)	5,802.338 2023	yearly	1987 - 2023
Georgia GE: GDP: USD: Gross Value Added at Basic Price (USD mn)	26,473.679 2023	yearly	1987 - 2023
Georgia GE: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and F... (GEL mn)	4,820.138 2023	yearly	1980 - 2023

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Georgia Key Series

National Accounts	Last	Frequency	Range
Forecast: GDP PPP Per Capita (PPP Intl $)	28,693.990 2027	yearly	1994 - 2027
Forecast: Nominal GDP Per Capita (USD)	10,537.150 2027	yearly	1994 - 2027
Forecast: Real GDP Growth (%)	5.198 2028	yearly	1995 - 2028
GDP Deflator Growth (%)	9.4 Sep 2022	quarterly	Mar 1998 - Sep 2022
GDP per Capita (USD)	5,023.229 2021	yearly	1993 - 2021
Gross Fixed Capital Formation (USD mn)	1,770.522 Dec 2023	quarterly	Mar 1996 - Dec 2023
Gross National Product (GNP) (USD mn)	7,784.858 Dec 2023	quarterly	Mar 1996 - Dec 2023
Gross Savings Rate (%)	14.9 Mar 2024	quarterly	Mar 1996 - Mar 2024
Investment: % of GDP (%)	22.8 Dec 2023	quarterly	Mar 1996 - Dec 2023
Nominal GDP (USD mn)	8,067.4 Jun 2024	quarterly	Mar 2010 - Jun 2024
Nominal GDP Growth (%)	12.367 Jun 2024	quarterly	Mar 1997 - Jun 2024
Private Consumption Expenditure (USD mn)	5,948.583 Jun 2024	quarterly	Mar 1996 - Jun 2024
Private Consumption: % of GDP (%)	73.7 Jun 2024	quarterly	Mar 1996 - Jun 2024
Public Consumption Expenditure (USD mn)	1,053.996 Dec 2023	quarterly	Mar 1996 - Dec 2023
Public Consumption: % of GDP (%)	12.7 Dec 2023	quarterly	Mar 1996 - Dec 2023
Real GDP Growth (%)	9.7 Dec 2022	quarterly	Mar 1998 - Dec 2022
Total Trade of Goods & Services: % of Nominal GDP (%)	105.999 Jun 2024	quarterly	Mar 1996 - Jun 2024

Production	Last	Frequency	Range
Gold Production (kg)	4,908.000 2022	yearly	1992 - 2022
Industrial Production Index Growth (%)	5.8 Jun 2024	quarterly	Mar 2002 - Jun 2024
Minerals Production (Metric Ton)	487,374.000 2022	yearly	2009 - 2022
Silver Production (Metric Ton)	12.674 2021	yearly	2010 - 2021

Construction and Properties	Last	Frequency	Range
Building Permits (Unit)	10,822.000 2022	yearly	2001 - 2022
House Prices Growth (%)	7.8 Jun 2021	monthly	May 2016 - Jun 2021

Government and Public Finance	Last	Frequency	Range
Consolidated Fiscal Balance: % of GDP (%)	-2.1 Jun 2024	quarterly	Dec 2006 - Jun 2024
Forecast: Government Expenditure (GEL bn)	40.909 2029	yearly	1995 - 2029
Forecast: Government Net Debt (GEL bn)	49.230 2029	yearly	2000 - 2029
Forecast: Government Revenue (GEL bn)	38.047 2029	yearly	1994 - 2029
Tax Revenue (USD mn)	745.276 Sep 2024	monthly	Jan 2006 - Sep 2024
National Government Debt (USD mn)	12,136.7 Sep 2024	quarterly	Mar 2006 - Sep 2024
Government Debt: % of GDP (%)	38.3 Jun 2024	quarterly	Mar 2006 - Jun 2024
Consolidated Fiscal Balance (USD mn)	51.076 Sep 2024	monthly	Jan 2006 - Sep 2024
Tax Revenue: % of GDP (%)	26.1 Jun 2024	quarterly	Mar 2006 - Jun 2024

Demographic and Labour Market	Last	Frequency	Range
Employed Persons (Person)	769,875.000 Jun 2024	quarterly	Mar 2006 - Jun 2024
Forecast: Population (Person mn)	3.626 2028	yearly	1994 - 2028
Forecast: Unemployment Rate (%)	14.500 2029	yearly	1996 - 2029
Labour Force Participation Rate (%)	53.3 2023	yearly	1998 - 2023
Labour Productivity Growth (%)	3.38 2023	yearly	1997 - 2023
Monthly Earnings (USD)	728 Mar 2024	quarterly	Mar 2007 - Mar 2024
Population (Person mn)	3.7 2023	yearly	1950 - 2023
Unemployment Rate (%)	16.40 2023	yearly	1991 - 2023

More Indicators for Georgia

Indicators	Last	Frequency	Range
Georgia GE: Other Depository Corporations: Liabilities to Nonbank Financial Inst... (GEL mn)	231.45 2008	yearly	1995 - 2008
Georgia GE: Other Depository Corporations: MFSM 2000: Loans (GEL mn)	637.15 2017	yearly	2001 - 2017
Georgia GE: Other Depository Corporations: MFSM 2000: Financial Derivatives (GEL mn)	0.00 2017	yearly	2001 - 2017
Georgia GE: Other Depository Corporations: MFSM 2000: Insurance Technical Reserv... (GEL mn)	0.00 2017	yearly	2001 - 2017
Georgia GE: Other Depository Corporations: MFSM 2000: Securities Other Than Shar... (GEL mn)	139.95 2017	yearly	2001 - 2017
Georgia GE: Other Depository Corporations: Capital Accounts (GEL mn)	1,517.87 2008	yearly	1995 - 2008
Georgia GE: Other Depository Corporations: MFSM 2000: Shares and Other Equity (GEL mn)	4,434.65 2017	yearly	2001 - 2017
Georgia GE: Other Depository Corporations: Other Items: Net (GEL mn)	57.96 2008	yearly	1995 - 2008
Georgia GE: Other Depository Corporations: MFSM 2000: Other Items: Net (GEL mn)	-274.35 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: MFSM 2000: Claims on Nonresidents (GEL mn)	12,139.64 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: Foreign Assets: Net (GEL mn)	0.04 2008	yearly	1995 - 2008
Georgia GE: Depository Corporations Survey: MFSM 2000: Foreign Assets: Net (GEL mn)	1,264.84 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: Domestic Credit (GEL mn)	6,269.08 2008	yearly	1995 - 2008
Georgia GE: Depository Corporations Survey: MFSM 2000: Domestic Claims (GEL mn)	23,414.99 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: MFSM 2000: Claims on Central Governm... (GEL mn)	2,787.63 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: Claims on Central Government: Net (GEL mn)	-147.35 2008	yearly	1995 - 2008
Georgia GE: Depository Corporations Survey: MFSM 2000: Claims on Central Governm... (GEL mn)	1,031.01 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: Claims on State and Local Government (GEL mn)	0.00 2008	yearly	1995 - 2008
Georgia GE: Depository Corporations Survey: MFSM 2000: Claims on State and Local... (GEL mn)	0.00 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: Claims on Nonfinancial Public Enterp... (GEL mn)	74.86 2008	yearly	1995 - 2008
Georgia GE: Depository Corporations Survey: MFSM 2000: Claims on Nonfinancial Pu... (GEL mn)	112.96 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: Claims on Private Sector (GEL mn)	6,341.58 2008	yearly	1995 - 2008
Georgia GE: Depository Corporations Survey: MFSM 2000: Claims on Private Sector (GEL mn)	22,271.01 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: Claims on Nonbank Financial Institut... (GEL mn)	0.00 2008	yearly	1995 - 2008
Georgia GE: Depository Corporations Survey: MFSM 2000: Claims on Other Financial... (GEL mn)	0.00 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: MFSM 2000: Claims on Other Sectors (GEL mn)	22,383.97 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: Money (GEL mn)	1,623.86 2008	yearly	1995 - 2008
Georgia GE: Depository Corporations Survey: MFSM 2000: Transferable Deposits (GEL mn)	7,113.20 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: Money: Seasonally Adjusted (GEL mn)	1,588.11 2008	yearly	1995 - 2008
Georgia GE: Depository Corporations Survey: MFSM 2000: Currency Outside Deposito... (GEL mn)	2,698.73 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: Quasi Money (GEL mn)	2,681.26 2008	yearly	1995 - 2008
Georgia GE: Depository Corporations Survey: MFSM 2000: Other Deposits (GEL mn)	8,604.35 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: Money Plus Quasi Money (GEL mn)	4,305.13 2008	yearly	1995 - 2008
Georgia GE: Depository Corporations Survey: MFSM 2000: Broad Money Liabilities (GEL mn)	18,416.28 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: MFSM 2000: Broad Money Liabilities: ... (GEL mn)	17,655.71 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: MFSM 2000: Securities Other Than Sha... (GEL mn)	0.00 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: Money Market Instruments (GEL mn)	0.00 2008	yearly	1995 - 2008
Georgia GE: Depository Corporations Survey: Liabilities of Central Bank: Securit... (GEL mn)	0.00 2008	yearly	2001 - 2008
Georgia GE: Depository Corporations Survey: Restricted Deposits (GEL mn)	23.85 2008	yearly	2001 - 2008
Georgia GE: Depository Corporations Survey: MFSM 2000: Deposits excluded from Br... (GEL mn)	90.50 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: MFSM 2000: Liabilities to Nonresiden... (GEL mn)	10,874.80 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: MFSM 2000: Liabilities to Central Go... (GEL mn)	1,756.61 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: Liabilities to Nonbank Financial Ins... (GEL mn)	231.45 2008	yearly	1995 - 2008
Georgia GE: Depository Corporations Survey: MFSM 2000: Loans (GEL mn)	637.15 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: MFSM 2000: Financial Derivatives (GEL mn)	0.00 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: MFSM 2000: Insurance Technical Reser... (GEL mn)	0.00 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: MFSM 2000: Securities Other Than Sha... (GEL mn)	139.95 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: Capital Accounts (GEL mn)	1,675.74 2008	yearly	1995 - 2008
Georgia GE: Depository Corporations Survey: MFSM 2000: Shares and Other Equity (GEL mn)	5,965.76 2017	yearly	2001 - 2017
Georgia GE: Depository Corporations Survey: Other Items: Net (GEL mn)	32.96 2008	yearly	1995 - 2008
Georgia GE: Depository Corporations Survey: MFSM 2000: Other Items: Net (GEL mn)	-569.80 2017	yearly	2001 - 2017
Georgia GE: Money Supply: Broad Money (GEL mn)	18,416.28 2017	yearly	2001 - 2017
Georgia GE: Money Supply: Currency Issued by Central Government (GEL mn)	0.00 2017	yearly	2001 - 2017
Georgia GE: Money Supply: Deposits in Nonfinancial Corporation (GEL mn)	0.00 2017	yearly	2001 - 2017
Georgia GE: Money Supply: Securities Issued by Central Government (GEL mn)	0.00 2017	yearly	2001 - 2017
Georgia GE: Money Supply: M2 (GEL mn)	6,505.46 2016	yearly	2001 - 2016
Georgia GE: Money Supply: M3 (GEL mn)	16,045.20 2016	yearly	2001 - 2016
Georgia GE: Money Market Rate (% pa)	6.96 2017	yearly	2009 - 2017
Georgia GE: Treasury Bill Rate: Government Securities (% pa)	7.30 2017	yearly	2001 - 2017
Georgia GE: Deposit Rate (% pa)	9.65 2017	yearly	1996 - 2017
Georgia GE: Deposit Rate: Foreign Currency (% pa)	2.77 2017	yearly	1996 - 2017
Georgia GE: Lending Rate (% pa)	11.49 2017	yearly	2003 - 2017
Georgia GE: Lending Rate: Foreign Currency (% pa)	8.31 2017	yearly	2003 - 2017
Georgia GE: Producer Price Index (2010=100)	137.69 2017	yearly	1998 - 2017
Georgia GE: Consumer Price Index (2010=100)	114.66 2015	yearly	1994 - 2015
Georgia GE: Consumer Price Index (CPI): % Change (%)	4.00 2015	yearly	1995 - 2015
Georgia GE: Unemployment (Person th)	235.06 2016	yearly	1997 - 2016
Georgia GE: Labour Force (Person th)	1,998.32 2016	yearly	1997 - 2016
Georgia GE: Employment (Person th)	1,763.26 2016	yearly	1997 - 2016
Georgia GE: Unemployment Rate (%)	11.76 2016	yearly	1997 - 2016
Georgia GE: Exports: fob: USD (USD mn)	2,727.97 2017	yearly	1998 - 2017
Georgia GE: Imports: cif: USD (USD mn)	7,979.43 2017	yearly	1998 - 2017
Georgia GE: GDP: Exports of Goods and Services (GEL mn)	14,749.60 2016	yearly	1995 - 2016
Georgia GE: GDP: Government Consumption Expenditure (GEL mn)	6,253.20 2016	yearly	1995 - 2016
Georgia GE: GDP: Gross Fixed Capital Formation (GEL mn)	10,310.33 2016	yearly	1995 - 2016
Georgia GE: GDP: Changes in Inventories (GEL mn)	689.48 2016	yearly	1995 - 2016
Georgia GE: GDP: Private Consumption Expenditure (GEL mn)	21,975.63 2016	yearly	1995 - 2016
Georgia GE: GDP: Imports of Goods and Services (GEL mn)	20,056.61 2016	yearly	1995 - 2016
Georgia GE: Gross Domestic Product (GDP) (GEL mn)	33,921.63 2016	yearly	1996 - 2016
Georgia GE:(GDP) Gross Domestic ProductDeflator (2010=100)	125.43 2016	yearly	1996 - 2016
Georgia GE: GDP: Statistical Discrepancy (GEL mn)	0.00 2015	yearly	1996 - 2015
Georgia GE:(GDP) Gross Domestic ProductVolume Index (2010=100)	130.38 2016	yearly	1996 - 2016
Georgia GE: Population: Midyear Estimates (Person mn)	3.93 2016	yearly	1950 - 2016
Georgia GE: General Government: Cash Receipts: Operating Activities (GEL mn)	10,921.20 2017	yearly	2006 - 2017
Georgia GE: General Government: Cash Receipts: Operating Activities: Taxes (GEL mn)	9,778.90 2017	yearly	2006 - 2017
Georgia GE: General Government: Cash Receipts: Operating Activities: Social Cont... (GEL mn)	0.00 2017	yearly	2006 - 2017
Georgia GE: General Government: Cash Receipts: Operating Activities: Grants (GEL mn)	293.10 2017	yearly	2006 - 2017
Georgia GE: General Government: Cash Receipts: Operating Activities: Others (GEL mn)	849.20 2017	yearly	2006 - 2017
Georgia GE: General Government: Cash Payments: Operating Activities (GEL mn)	9,664.20 2017	yearly	2006 - 2017
Georgia GE: General Government: Cash Payments: Operating Activities: Compensatio... (GEL mn)	1,648.90 2017	yearly	2006 - 2017
Georgia GE: General Government: Cash Payments: Operating Activities: Purchases o... (GEL mn)	1,535.80 2017	yearly	2006 - 2017
Georgia GE: General Government: Cash Payments: Operating Activities: Interest (GEL mn)	480.70 2017	yearly	2006 - 2017
Georgia GE: General Government: Cash Payments: Operating Activities: Subsidies (GEL mn)	930.80 2017	yearly	2006 - 2017
Georgia GE: General Government: Cash Payments: Operating Activities: Grants (GEL mn)	28.00 2017	yearly	2006 - 2017
Georgia GE: General Government: Cash Payments: Operating Activities: Social Bene... (GEL mn)	3,544.10 2017	yearly	2006 - 2017
Georgia GE: General Government: Cash Payments: Operating Activities: Others (GEL mn)	1,495.90 2017	yearly	2006 - 2017
Georgia GE: General Government: Memo Item: Total Cash Expenditure (GEL mn)	11,245.20 2017	yearly	2006 - 2017
Georgia GE: General Government: Net Cash Outflow: Investments in Nonfinancial As... (GEL mn)	1,581.00 2017	yearly	2006 - 2017
Georgia GE: General Government: Net Cash Outflow: Investments in NFA: Purchases ... (GEL mn)	1,810.40 2017	yearly	2006 - 2017
Georgia GE: General Government: Net Cash Outflow: Investments in NFA: Sales of N... (GEL mn)	229.40 2017	yearly	2006 - 2017

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National Accounts

GDP: by Expenditure: Current Prices GDP: by Industry: Chain-Linked 1996 Prices GDP: by Industry: Index: Chain-Linked 1996=100 GDP: by Industry: Index: Same Period Previous Year=100: ytd GDP: Deflator: Chain-Linked 2003 Price GDP: Main Aggregates GDP per Capita: Chain-Linked 1996 Price GDP per Capita: Current Prices Gross Domestic Product: Annual Growth Rate Gross Domestic Product: by Expenditure: Quarterly Gross Domestic Product: Nominal Gross Domestic Product: Real

Contribution to GDP GDP: by Income: Current Prices GDP: by Industry: Chain-Linked 2003 Prices GDP: by Industry: Index: Chain-Linked 2003=100 GDP: by Industry: Index: Same Quarter Previous Year=100 GDP: Gross Value Added: by Region GDP: Main Aggregates: Annual GDP per Capita: Chain-Linked 2003 Price GDP per Capita: SNA 2008: Current Prices Gross Domestic Product: by Expenditure: Annual Gross Domestic Product: Deflator and Volume Index: Annual Gross Domestic Product: Purchasing Power Parity Gross Domestic Product: Share of GDP