Georgia: Adjusted net national income (constant 2015 US$)

Key figures

What the numbers say

In 2021, Georgia's adjusted net national income (constant 2015 US$) rose 7.1% on 2020 (from US$14.48 billion to US$15.51 billion).

Across the 10 yearly changes before that (2011 to 2020), the average change was +4.4% and a typical year strayed about 4% from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 8.9% in 2012 and the biggest yearly fall was 3.9% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is upward, about US$510.96 million a year. A straight line explains 95% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Georgia had the 90th highest value of the 135 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Georgia in the 2021 ranking

• Cyprus — 86th of 135: US$19.98 billion
• Bosnia and Herzegovina — 87th of 135: US$17.13 billion
• Iceland — 88th of 135: US$15.57 billion
• Haiti — 90th of 135: US$14.23 billion
• Benin — 91st of 135: US$14.12 billion
• Mozambique — 92nd of 135: US$13.67 billion

What this measures

Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Limitations: Adjusted net national income differs from the adjustments made in the calculation of adjusted net savings, by not accounting for investments in human capital or the damages from pollution. Thus, adjusted net national income remains within the boundaries of the United Nations System of National Accounts (SNA). The SNA includes non-produced natural assets (such as land, mineral resources, and forests) within the asset boundary when they are under the effective control of institutional units. The calculation of adjusted net national income, which accounts for net forest, energy, and mineral depletion, as well as consumption of fixed capital, thus remains within the SNA boundaries.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 12 values

Adjusted net national income (constant 2015 US$) in nearby economies

• Albania — US$11.34 billion (2021)
• Armenia — US$10.49 billion (2021)
• Austria — US$323.67 billion (2021)
• Belarus — US$49.64 billion (2021)
• Belgium — US$402.26 billion (2021)
• Bosnia and Herzegovina — US$17.13 billion (2021)
• Bulgaria — US$55.24 billion (2021)
• Croatia — US$48.8 billion (2021)
• Cyprus — US$19.98 billion (2021)
• Czechia

More economic policy & debt data for Georgia

• GDP (current LCU) — 104.6 billion (2025)
• GDP (constant 2015 US$) — US$27.07 billion (2025)
• GDP (constant LCU) — 72.71 billion (2025)
• GDP per capita (current LCU) — 26,576 (2025)
• GDP per capita (constant 2015 US$) — US$6,877 (2025)
• GDP per capita (constant LCU) — 18,474 (2025)
• GDP (annual % growth) — 7.46% (2025)
• GDP per capita (annual % growth) — 4.1% (2025)
• Adjusted savings, education expenditure (% of GNI) — 1.76% (2021)
• Adjusted savings, mineral depletion (current US$) — US$184.49 million (2021)
• Adjusted savings, energy depletion (current US$)

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Questions people ask

What is Georgia's adjusted net national income (constant 2015 US$)?

US$15.51 billion in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2010?

It is up 63.37% from US$9.49 billion in 2010 (4.56% a year on average, compounded). The highest value was US$15.51 billion in 2021 and the lowest US$9.49 billion in 2010.

How does Georgia rank?

90th highest of 135 economies with data for 2021.

Is the latest change in adjusted net national income (constant 2015 US$) unusual for Georgia?

In 2021, Georgia's adjusted net national income (constant 2015 US$) rose 7.1% on 2020 (from US$14.48 billion to US$15.51 billion). Across the 10 yearly changes before that (2011 to 2020), the average change was +4.4% and a typical year strayed about 4% from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNTY.KD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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