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.