Georgia - Gross value added at factor cost

Gross value added at factor cost (current US$)

The latest value for Gross value added at factor cost (current US$) in Georgia was $13,874,750,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between $15,665,970,000 in 2014 and $2,638,556,000 in 1999.

Definition: Gross value added at factor cost (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 factor cost is derived by subtracting net product taxes from GDP. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
0
5,000,000,000
10,000,000,000
15,000,000,000
20,000,000,000
Year Value
1990 $7,339,982,000
1991 $5,894,040,000
1992 $3,650,754,000
1996 $3,005,571,000
1997 $3,302,659,000
1998 $3,440,454,000
1999 $2,638,556,000
2000 $2,871,844,000
2001 $3,009,166,000
2002 $3,170,151,000
2003 $3,748,008,000
2004 $4,689,848,000
2005 $5,673,636,000
2006 $6,766,345,000
2007 $8,746,483,000
2008 $11,082,570,000
2009 $9,306,375,000
2010 $10,821,070,000
2011 $13,413,820,000
2012 $14,686,430,000
2013 $15,353,130,000
2014 $15,665,970,000
2015 $13,306,830,000
2016 $13,333,290,000
2017 $14,085,560,000
2018 $15,302,750,000
2019 $15,307,400,000
2020 $13,874,750,000

Gross value added at factor cost (current LCU)

The value for Gross value added at factor cost (current LCU) in Georgia was 43,136,610,000 as of 2020. As the graph below shows, over the past 40 years this indicator reached a maximum value of 43,137,770,000 in 2019 and a minimum value of 10,500 in 1980.

Definition: Gross value added at factor cost (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 factor cost is derived by subtracting net product taxes from GDP. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
0
10,000,000,000
20,000,000,000
30,000,000,000
40,000,000,000
50,000,000,000
Year Value
1980 10,500
1981 11,500
1982 12,100
1983 12,300
1984 13,100
1985 13,100
1986 12,800
1987 13,200
1988 13,600
1989 13,300
1990 14,200
1991 17,800
1992 147,600
1996 3,756,800,000
1997 4,285,200,000
1998 4,781,600,000
1999 5,341,800,000
2000 5,676,200,000
2001 6,238,000,000
2002 6,960,700,000
2003 8,042,100,000
2004 8,989,500,000
2005 10,284,600,000
2006 12,046,800,000
2007 14,611,000,000
2008 16,521,900,000
2009 15,546,300,000
2010 19,286,400,000
2011 22,622,400,000
2012 24,251,700,000
2013 25,538,400,000
2014 27,661,400,000
2015 30,197,200,000
2016 31,555,900,000
2017 35,347,700,000
2018 38,778,700,000
2019 43,137,770,000
2020 43,136,610,000

Gross value added at factor cost (constant 2010 US$)

The latest value for Gross value added at factor cost (constant 2010 US$) in Georgia was 14,797,060,000 as of 2020. Over the past 17 years, the value for this indicator has fluctuated between 15,840,900,000 in 2019 and 6,481,007,000 in 2003.

Definition: Gross value added at factor cost (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 factor cost is derived by subtracting net product taxes from GDP. Data are in constant 2010 U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
0
5,000,000,000
10,000,000,000
15,000,000,000
20,000,000,000
Year Value
2003 6,481,007,000
2004 6,841,714,000
2005 7,549,190,000
2006 8,276,569,000
2007 9,251,306,000
2008 9,505,174,000
2009 9,116,320,000
2010 10,459,680,000
2011 11,189,430,000
2012 11,881,890,000
2013 12,359,400,000
2014 12,881,810,000
2015 13,306,830,000
2016 13,722,120,000
2017 14,372,150,000
2018 15,070,260,000
2019 15,840,900,000
2020 14,797,060,000

Gross value added at factor cost (constant LCU)

The value for Gross value added at factor cost (constant LCU) in Georgia was 33,578,750,000 as of 2020. As the graph below shows, over the past 17 years this indicator reached a maximum value of 35,947,520,000 in 2019 and a minimum value of 14,707,250,000 in 2003.

Definition: Gross value added at factor cost (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 factor cost is derived by subtracting net product taxes from GDP. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
0
5,000,000,000
10,000,000,000
15,000,000,000
20,000,000,000
25,000,000,000
30,000,000,000
35,000,000,000
40,000,000,000
Year Value
2003 14,707,250,000
2004 15,525,800,000
2005 17,131,260,000
2006 18,781,890,000
2007 20,993,850,000
2008 21,569,950,000
2009 20,687,530,000
2010 23,736,000,000
2011 25,392,000,000
2012 26,963,400,000
2013 28,047,000,000
2014 29,232,500,000
2015 30,197,000,000
2016 31,139,400,000
2017 32,614,510,000
2018 34,198,720,000
2019 35,947,520,000
2020 33,578,750,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts