Georgia: Imports, percent of GDP

* indicates monthly or quarterly data series
 Georgia

Imports of goods and services as percent of GDP

 Latest value 56.93
 Year 2023
 Measure percent
 Data availability 1987 - 2023
 Average 52.04
 Min - Max 31.25 - 109.13
 Source The World Bank
The latest value from 2023 is 56.93 percent, a decline from 62.22 percent in 2022. In comparison, the world average is 49.03 percent, based on data from 138 countries. Historically, the average for Georgia from 1987 to 2023 is 52.04 percent. The minimum value, 31.25 percent, was reached in 1991 while the maximum of 109.13 percent was recorded in 1994. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Georgia - Imports, percent of GDP - Recent values chart

Historical series
Georgia - Imports, percent of GDP - historical chart - 1987-2023




The imports of Georgia and other countries are calculated as the total amount of goods and services produced abroad and sold at home. Imports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If imports are about 15 percent or less of GDP the economy is considered relatively closed. That, for example, applies to the U.S. In contrast, many small European countries import over 40 percent of the products they consume. They are considered more open to international trade.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Terms of trade 104.94 2021 percent
 Trade openness 106.31 2023 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 49.39 2023 percent
 Exports, billion dollars 15.08 2023 billion U.S. dollars
 Growth of exports 8.15 2023 percent
 Imports, percent of GDP 56.93 2023 percent
 Imports, billion dollars 17.38 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 5.82 2023 percent
 Foreign Direct Investment, billion dollars 2.13 2022 billion U.S. dollars
 Portfolio investment inflows, equities 2.50 2023 million dollars (current)
 Current account, percent of GDP -5.10 2019 percent
 Current account, in dollars -1.33 2023 billion U.S. dollars
 Trade balance, percent of GDP -7.54 2023 percent
 Trade balance, in dollars -2.63 2023 billion U.S. dollars
 Reserves 5.00 2023 billion U.S. dollars
 Remittances, percent of GDP 14.74 2023 percent
 Remittances 4,500.00 2023 million U.S. dollars
 Net errors and omissions 41.34 2023 million USD
 External debt 104.07 2022 percent
 Short-term external debt 15.88 2022 percent
 Short-term debt to reserves 77.95 2022 percent
 Foreign exchange reserves 4.71 9/2024 billion
This site uses cookies.
Learn more here


OK