Georgia GDP

Georgia country overview

Before we start to discuss Georgia GDP, we start to discuss Georgia’s economic overview. Georgia is a landlocked country located in western Europe.

Its capital and largest city name are Tbilisi. Its official languages are Georgian and Abkhazian.

When we talk about its ethnic groups, so 86% of Georgians, 6% Azerbaijanis, and other ethnic groups live in Georgia. In religion, 88% of Christianity and 12% of other religion-based peoples live in Georgia.

When we talk about its government system, so its government system is the Unitary parliamentary constitutional republic. Its president’s name is Salome Zurabishvili.

Its prime minister’s name is the Irakli Garibashvili. Its total land area is 69,701 km2. Its land area rank is 119th in the world. Georgian total population is 3,728,500 in the year 2021.

Its population rank is 128th in the world. Its population density is 57 / km2 in the year 2014. Its population density rank is 137th in the world.

Georgia Economy

Georgian currency name is Georgian lari. Georgian economy is considered the developing and the emerging economy and also the Upper-middle income economy.

The inflation rate in Georgia is 4.7% in the year 2020. 20% of its total population lives below the poverty line. Its HDI rate is 0.812 which is considered very high in the world in the year 2019.

Its HDI rank is 70th in the world. The unemployment rate in Georgia is 12% in the year 2019. Its gross external debt is $17 billion in the year 2017. Georgia’s total foreign reserves are $3 billion in the year 2017.

Georgia GDP

Georgia’s total GDP is $16 billion (nominal) and $58 billion (PPP) in the year 2021. Its GDP rank is 127th (nominal) and 110th (PPP) in the year 2021.

Its GDP growth is 4% in the year 2021. Its GDP per capita is $4,360 (nominal) and $15,700 (PPP) in the year 2021. Its GDP per capita rank is 102nd (nominal) and 78th (PPP) in the year 2021.

When we talk about Its GDP by sector, so agriculture was 8%, industry 25%, and services are 67% in the year 2015.

Exports

Georgia’s total exports are $3.9 billion in the year 2019. Its main export goods are machinery, alloys, gold, copper, and others. Its main export partners are Azerbaijan, Russia, China, Turkey, the United States, and others.

Imports

Its total imports are $9.6 billion in the year 2019. Its main import goods are fuels, metals, food products, and others. Its main import partners are Turkey, Russia, China, the United States, Germany, Japan, Italy, and others.

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