Foreign Trade (As % of GDP) rose to 113% in Georgia in 2017

Foreign Trade (As % of GDP) (%)
Economy | Georgia | May 17, 2019
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Excel Sheet

Foreign trade as a share of GDP reached 113 % in 2017 in Georgia, according to the National Statistical Office. This is 9.31 % more than in the previous year.

Historically, foreign trade as a share of GDP in Georgia reached an all time high of 167 % in 1994 and an all time low of 45.7 % in 1996. When compared to Georgia's main peers, foreign trade as a share of GDP in Armenia amounted to 86.9 %, 90.7 % in Azerbaijan, 46.8 % in Russia and 54.1 % in Turkey in 2017.

Georgia has been ranked 37th within the group of 165 countries we follow in terms of foreign trade as a share of GDP, 37 places above the position seen 10 years ago.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

Foreign Trade (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Armenia % 71.1% 76.0% 76.6% 75.6% 71.6%
Azerbaijan % 80.5% 78.3% 74.7% 69.5% 72.6%
Bulgaria % 118% 125% 130% 131% 128%
China % 50.6% 48.1% 46.6% 44.9% 39.5%
Georgia % 91.0% 95.9% 102% 103% 107%
Germany % 84.7% 85.9% 84.8% 84.4% 85.7%
Greece % 57.8% 61.8% 63.5% 67.1% 63.1%
Iran % 43.2% 47.4% 50.3% 44.6% 39.0%
Iraq % 72.2% 73.5% 75.7% 78.3% 76.8%
Japan % 30.4% 30.6% 34.1% 37.5% 35.6%
Russia % 47.9% 47.1% 46.2% 47.7% 49.3%
Turkey % 52.7% 52.2% 50.4% 51.4% 49.3%
USA % 30.8% 30.6% 30.0% 30.0% 27.7%