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Georgia Trade (% GDP)

Georgia's trade (% GDP) fell to 104.34% in 2024, down from 107.15% in 2023, according to World Bank. This represents a decrease of 2.81% from the previous year. Georgia has trade (% GDP) higher than the global median (104.34% vs median 84.49%). Compared with the median in Asia, Georgia is higher (104.34% vs regional median 82.69%) and ranks 16th out of 45 countries in Asia.

Yearly Historical Data (1987-2024)

(in %)
Year Trade (% GDP)
2024 104.34%
2023 107.15%
2022 114.7%
2021 101.6%
2020 92.89%
2019 117.81%
2018 109.85%
2017 102.58%
2016 94.93%
2015 97.02%
2014 94.95%
2013 93.81%
2012 89.73%
2011 85.47%
2010 81.67%
2009 78.19%
2008 86.3%
2007 88.39%
2006 89.13%
2005 84.53%
2004 79.04%
2003 77.63%
2002 71.63%
2001 63.33%
2000 62.66%
1999 57.15%
1998 53.57%
1997 57.75%
1996 45.7%
1995 67.83%
1994 166.9%
1993 118.64%
1992 101.94%
1991 59.16%
1990 85.53%
1989 87.78%
1988 88.6%
1987 82.3%
Georgia Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Georgia divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $6.56B $6.09B 2024
Annual Imports $16.98B $15.6B 2024
Exports (% GDP) 48.36% 49.27% 2024
FDI Inflows (% GDP) 4.05% 6.78% 2024
Imports (% GDP) 55.97% 57.88% 2024
Net Trade (Goods & Services, BoP) -$2.59B -$2.64B 2024
Tariff Rate 0.4% 0.43% 2022