Georgia Net Trade (Goods & Services, BoP)
Georgia's net trade (goods & services, bop) fell to $-2.59 billion in 2024, down from $-2.64 billion in 2023, according to World Bank. This represents a decrease of 1.9% ($49.81 million) from the previous year. Georgia has net trade (goods & services, bop) lower than the global median (-$2.59 billion vs median -$215.12 million). Compared with the median in Asia, Georgia is lower (-$2.59 billion vs regional median $634.26 million) and ranks 28th out of 42 countries in Asia.
Yearly Historical Data (1997-2024)
(in Billion USD)Georgia Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Georgia, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.