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Foreign Trade (As % of GDP) rose 9.31% to 113% in Georgia in 2017

Foreign Trade (As % of GDP) (%), 2017
Economy | Georgia | June 1, 2020
$2.99
Excel Sheet

Foreign trade as a share of GDP rose 9.31% to 113% in Georgia in 2017, according to the National Statistical Office.

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 163 countries we follow in terms of foreign trade as a share of GDP, 37 places above the position seen 10 years ago.

Foreign Trade (As % of GDP) Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Armenia % 77.6% 75.8% 71.7% 76.1% 87.2%
Azerbaijan % 74.7% 69.5% 72.6% 90.1% 90.4%
Bulgaria % 130% 131% 127% 123% 130%
China % 46.7% 44.9% 39.5% 36.9% 37.6%
Georgia % 95.6% 96.8% 98.8% 96.8% 104%
Germany % 85.1% 84.6% 86.2% 84.8% 87.4%
Greece % 63.5% 67.1% 63.1% 60.8% 67.0%
Iran % 50.3% 44.6% 39.0% 43.2% 48.8%
Iraq % 75.7% 78.3% 76.8% 72.0% 73.6%
Japan % 34.1% 37.5% 35.6% 31.5% 34.6% ...
Russia % 46.3% 47.8% 49.4% 46.5% 46.9%
Turkey % 52.5% 53.8% 51.1% 48.3% 55.8%
USA % 30.0% 30.0% 27.8% 26.5% 27.2%