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 (2019): Turkey, Russia, and China
Top 3 Exported Goods (2019): Motor Vehicles & Parts, Ores, and Beverages

Top Industries Source: CIA World Factbook

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

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $55,201,246,509 (2020)
GDP Growth Rate (annual %) -6.16% (2020)
GDP Per Capita, PPP (current international) $14,863 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 108/197 (2020)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 5.202% (2020)
External debt stocks, total (DOD, current US$) $17,311,924,467 (2019)
Total tax rate (% of commercial profits) 9.9% (2019)
Real Interest Rate (5 year average %) 4.586% (2020)
Manufacturing, value added (% of GDP) 9.498% (2020)
Current Account Balance (BoP, current US$) ($1,965,007,425) (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 1,892,477 (2020)
Employment in Agriculture (% of total employment) 41.291% (2020)
Employment in Industry (% of total employment) 14.227% (2020)
Employment in Services (% of total employment) 44.482% (2020)
Unemployment Rate 12.05% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $8,885,717,851 (2020)
Exports of goods and services (current US$) $5,936,250,241 (2020)
Total Merchandise Trade (% of GDP) 71.44% (2020)
FDI, net inflows (BoP, current US$) $1,341,122,820 (2019)
Commercial Service Exports (current US$) $1,503,414,661 (2020)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank