Generative Pre-trained Transformer (GPT) models have achieved remarkable performance on various natural language processing tasks. However, there has been limited research on applying similar frameworks to audio tasks. Previously proposed large language models for audio tasks either lack sufficient quantitative evaluations, or are limited to tasks for recognizing and understanding audio content, or significantly underperform existing state-of-the-art (SOTA) models. In this paper, we propose LauraGPT, a unified GPT model for audio recognition, understanding, and generation. LauraGPT is a versatile language model that can process both audio and text inputs and generate outputs in either modalities. It can perform a wide range of tasks related to content, semantics, paralinguistics, and audio-signal analysis. Some of its noteworthy tasks include automatic speech recognition, speech-to-text translation, text-to-speech synthesis, machine translation, speech enhancement, automated audio captioning, speech emotion recognition, and spoken language understanding. To achieve this goal, we use a combination of continuous and discrete features for audio. We encode input audio into continuous representations using an audio encoder and decode output audio from discrete codec codes. We then fine-tune a large decoder-only Transformer-based language model on multiple audio-to-text, text-to-audio, audio-to-audio, and text-to-text tasks using a supervised multitask learning approach. Extensive experiments show that LauraGPT achieves competitive or superior performance compared to existing SOTA models on various audio processing benchmarks.