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CompareEconomy.com Comparison of world economies

Georgia

World Rank 152 1.4 Georgia flag svg
Capital
Area
Currency
Tbilisi
69,700 km 2
Georgian lari (GEL)

Table of Contents

Introduction

Georgia is a small country located in the region of Caucasus. It lays on the edge of Europe and Asia. It is surrounded by either the Black Sea or by the Caucasus Mountain ranges. The developing country is at the same time very small with the land area of approximately 69,700 square kilometers. Since it is a unitary parliamentary republic, they are governed by President Salome Zurabishvilli and the Prime Minister Giorgi Gakharia.

Economy

Georgian economy is considered to be one of the smallest in both European and Asian countries. It is at around $58 billion, almost the same GDP (PPP) as in the case of Latvia or Bosna and Herzegovina. Another important indicator of Georgian economy is GDP per capita. The data from 2019 indicates the average wealth of a citizen in the nation. In this particular situation, it is around $15,600, approximately 220% lower than the average in European Union or 140% lower than the average for Europe and Central Asia.

Population

It is important to notice that as a nation, Georgia has a very low density at the level of 57 citizens per square kilometer. It means that they are the 137th most densely populated nation in the world. In terms of population, it is around 3.7 million people. 

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#111 (2021)
18,629,365,597 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#120 (2021)
-3,064,043,258 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#36 (2021)
12.21 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)