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Country Context



Population, million


GDP, current US$ billion


GDP per capita, current US$


Life Expectancy at birth, years


Georgia has made notable gains in income growth and poverty reduction over the past decade. As a result of sound macroeconomic management, GNI per capita (constant 2017 USD) increased from $9,580 in 2010 to $15,880 in 2022. Poverty (measured by the $6.85 poverty line in 2017 PPP) declined from 70.6% in 2010 to an estimated 47.7% in 2022. The job market experienced a strong recovery, with unemployment falling from 20.6% percent in 2021 to a record low of 16.4% in 2023, which was estimated to positively impact poverty levels.

Nevertheless, structural challenges persist, notably weak productivity and limited high-quality job creation. About a third of workers remain engaged in low-productivity agriculture, and Georgia also has a large share of self-employed in other sectors. Access to finance remains a major obstacle for SMEs, while skills mismatches are reported to be an impediment for most firms. Due to its high degree of trade openness and dependence on tourism, Georgia is vulnerable to external shocks. In December 2023, Georgia was granted candidate status by the European Union (EU). The EU accession process offers unique opportunities to boost reforms to achieve prosperity and converge with other member states.

Last Updated: Apr 09, 2024


Georgia: Commitments by Fiscal Year (in millions of dollars)*

*Amounts include IBRD and IDA commitments


The World Bank
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