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Georgia
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Areas under Georgian control shown in dark green; areas claimed but uncontrolled shown in light green
We offer a data-driven country report for Georgia that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Georgia.[/vc_column_text][vc_column_text]
Its population in 2018 was 3,907,131 [1]
In 2015, 28.66% of its total energy
consumption was renewable [2]
In 2021, its GDP grew by 10.36% [2]
In 2021 it had a negative Current
Account Balance of US$bn 1.83 [3]
Its unemployment rate in 2021 was 20.30% [3]
Its Expenditure on R&D (as a percentage of
GDP) in 2020 was 0.30% [2]
What free trade areas or economic unions is it a member of?
Member of the Organization of the Black Sea Economic Cooperation (BSEC) since 05/06/1998
Other members:
Albania, Armenia, Azerbaijan, Bulgaria, Greece, Republic of Moldova, Romania, Russian Federation, Serbia, Türkiye, Ukraine
What trade deals are there between Organization of the Black Sea Economic Cooperation and other countries and economic unions?
None
[/vc_column_text][vc_column_text]What trade deals are there with other countries and economic unions?
Georgia - Russian Federation free trade agreement (from 10/05/1994)
Georgia - Ukraine free trade agreement (from 04/06/1996)
Georgia - Azerbaijan free trade agreement (from 10/07/1996)
Georgia - Armenia free trade agreement (from 11/11/1998)
Georgia - Kazakhstan free trade agreement (from 16/07/1999)
Georgia - Turkmenistan free trade agreement (from 01/01/2000)
Türkiye - Georgia free trade agreement (from 01/11/2008)
EU - Georgia Association Agreement (from 01/07/2016)
China - Georgia free trade agreement (from 18/01/2018)
EFTA - Georgia Free Trade Agreement (from 01/05/2018)
Hong Kong, China - Georgia free trade agreement (from 13/02/2019)
UK - Georgia strategic partnership and cooperation agreement (from 01/01/2021)
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World Bank Vice President for Europe and Central Asia: Interview with Anna Bjerde
IMF Mission Reports Positive Developments in Georgia
IFC: Banking On Women – Changing the Face of the Global Economy
Trade with the United Kingdom
Source: UK Office for National Statistics, October 2022.
Contains public sector information licensed under the Open Government Licence v3.0.
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