Georgia: Trade (% of GDP)
In , Georgia's Trade (% of GDP) was 103.46.
That's down 3.4% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Georgia ranks #54 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #27 of 49.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 117.81
- Trough
- 78.19
- 1-year change
- -3.4%
- 5-year change
- -12.2%
- -2.6% / yr
- 10-year change
- +9.0%
- +0.9% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 103.4565 | |
| 107.1512 | |
| 114.6954 | |
| 101.6009 | |
| 92.8911 | |
| 117.8101 | |
| 109.8477 | |
| 102.5843 | |
| 94.9263 | |
| 97.0163 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Georgia's Trade (% of GDP) in 2024?
- In 2024, Georgia's Trade (% of GDP) was 103.46, according to World Bank Open Data.
- Is Georgia's Trade (% of GDP) rising or falling?
- Georgia's Trade (% of GDP) fell 3.4% from 2023 to 2024.
- How does Georgia rank globally on Trade (% of GDP)?
- In 2024, Georgia ranked #54 out of 160 countries reporting Trade (% of GDP).
- How does Georgia's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Georgia is above the world average. Within Europe & Central Asia, it ranks #27 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.