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 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Armenia | % | 71.7% | 76.1% | 87.2% | 92.5% | 96.1% | ||||||||||||||||
Azerbaijan | % | 72.6% | 90.1% | 90.4% | 91.7% | 85.8% | ||||||||||||||||
Bulgaria | % | 127% | 123% | 130% | 129% | 125% | ||||||||||||||||
China | % | 39.5% | 36.9% | 37.6% | 37.6% | 35.9% | ||||||||||||||||
Georgia | % | 98.8% | 96.8% | 104% | 112% | 119% | ||||||||||||||||
Germany | % | 86.2% | 84.8% | 87.2% | 88.5% | 87.7% | ||||||||||||||||
Greece | % | 65.3% | 64.0% | 71.6% | 80.2% | 81.9% | ||||||||||||||||
Iran | % | 39.4% | 40.4% | 44.7% | 58.4% | 50.8% | ||||||||||||||||
Iraq | % | 69.6% | 54.6% | 59.8% | 65.8% | 69.0% | ||||||||||||||||
Japan | % | 35.4% | 31.3% | 34.4% | 36.6% | 35.2% | ||||||||||||||||
Russia | % | 49.4% | 46.5% | 46.9% | 51.6% | 49.2% | ||||||||||||||||
Turkey | % | 51.1% | 48.3% | 55.8% | 62.6% | 62.7% | ||||||||||||||||
USA | % | 27.8% | 26.6% | 27.3% | 27.6% | 26.5% |