Georgia Georgia's Economic Growth Annual Wage Trend
The numbers reflecting Georgia's total economy tell the grim story of the economic recession. In 2007, Georgia's real gross domestic state product as measured in inflation adjusted dollars stood at $378.7 billion. Over the next two years, the economy based on this measurement would lose $21.5 billion and shrink to a low of $357.2 billion in 2009. Since then, the state's economy has been clawing its way back, but growth has been sluggish at best. Economic forecasters at the University of Georgia anticipate that the state's economy will reach an output valued at $371.1 billion in 2012, but that still remains $7.6 billion below the pre-recession level of 2007.
Source: Selig Center for Economic Growth, Terry College of Business, University of Georgia
