Georgia: Economy

Economic Trivia

Georgia has sizeable hydropower capacity that now provides most of its energy needs.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): Turkey, Azerbaijan, and Russia
Top 3 Exported Goods (2014): Motor Vehicles & Parts, Beverages, and Iron & Steel

Top Industries Source: CIA World Factbook

Steel; Machine Tools; Electrical Appliances; Mining (Manganese, Copper, Gold)

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $34,149,997,946 (2014)
GDP Growth Rate (annual %) 4.766% (2014)
GDP Per Capita, PPP (current international) $9,163 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 116/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 3.074% (2014)
External debt stocks, total (DOD, current US$) $13,693,780,000 (2013)
Total tax rate (% of commercial profits) 16.4% (2015)
Real Interest Rate (5 year average %) 7.846% (2014)
Manufacturing, value added (% of GDP) 13.411% (2014)
Current Account Balance (BoP, current US$) ($1,739,770,376) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 2,017,915 (2014)
Employment in Agriculture (% of total employment) 53.4% (2007)
Employment in Industry (% of total employment) 10.4% (2007)
Employment in Services (% of total employment) 36.2% (2007)
Unemployment Rate 13.4% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $9,983,201,733 (2014)
Exports of goods and services (current US$) $7,089,693,096 (2014)
Total Merchandise Trade (% of GDP) 69.31% (2014)
FDI, net inflows (BoP, current US$) $1,647,343,208 (2014)
Commercial Service Exports (current US$) $2,953,598,742 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Georgia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary