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Georgia: GDP per capita growth (annual %)

In , Georgia's GDP per capita growth (annual %) was 10.15.

That's up 31.1% from 2023, the highest value since .

The global average for this indicator in 2024 was 1.94 . Georgia ranks #3 globally out of 193 reporting countries. Within Europe & Central Asia, it ranks #2 of 52.

Source: World Bank Open Data (NY.GDP.PCAP.KD.ZG) • Data as of 2024

Trend (2005–2024)

Georgia GDP per capita growth (annual %) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
13.16
Trough
-6.35
1-year change
+31.1%
5-year change
+82.5%
+12.8% / yr
10-year change
+151.2%
+9.6% / yr

Historical Data — Last 10 Years

Year GDP per capita growth (annual %)
10.1519
7.7457
10.8422
11.0651
-6.3548
5.5617
6.1034
5.1458
3.3884
3.1884

About GDP per capita growth (annual %)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Indicator code: NY.GDP.PCAP.KD.ZG • Category: Economy

About per capita measures: Per capita figures divide a country's total value by its population, giving a measure of average individual share. This makes countries of different sizes more comparable — a large country like China may have a higher total GDP than Switzerland, but Switzerland's GDP per capita is much higher.

Frequently asked questions

What was Georgia's GDP per capita growth (annual %) in 2024?
In 2024, Georgia's GDP per capita growth (annual %) was 10.15, according to World Bank Open Data.
Is Georgia's GDP per capita growth (annual %) rising or falling?
Georgia's GDP per capita growth (annual %) rose 31.1% from 2023 to 2024.
How does Georgia rank globally on GDP per capita growth (annual %)?
In 2024, Georgia ranked #3 out of 193 countries reporting GDP per capita growth (annual %).
How does Georgia's GDP per capita growth (annual %) compare to the world average?
The global average for GDP per capita growth (annual %) in 2024 was 1.94, so Georgia is above the world average. Within Europe & Central Asia, it ranks #2 of 52.
What is GDP per capita growth (annual %) and how is it measured?
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
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Source: World Bank Open Data (NY.GDP.PCAP.KD.ZG), CC BY 4.0.