Georgia: Trade balance, percent of GDP

* indicates monthly or quarterly data series
 Georgia

Trade balance as percent of GDP

 Latest value -9.82
 Year 2022
 Measure percent
 Data availability 1987 - 2022
 Average -16.92
 Min - Max -51.36 - 0.70
 Source The World Bank
The latest value from 2022 is -9.82 percent, an increase from -16.45 percent in 2021. In comparison, the world average is -4.42 percent, based on data from 149 countries. Historically, the average for Georgia from 1987 to 2022 is -16.92 percent. The minimum value, -51.36 percent, was reached in 1994 while the maximum of 0.7 percent was recorded in 1987. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Georgia - Trade balance, percent of GDP - Recent values chart

Historical series
Georgia - Trade balance, percent of GDP - historical chart - 1987-2022




The trade balance for Georgia and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 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 8.60 2022 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 -9.82 2022 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
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