Georgia

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Georgia

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]

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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

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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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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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