Georgia Country Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in georgia, prepared by at U.S. Embassies worldwide by Commerce Department, State Department and other U.S. agencies’ professionals
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Market Overview
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Georgia is a small transitional market economy of 3.7 million people with a per capita GDP of $9,141 (2024). Georgia is located at the crossroads between Europe and Asia, and its strategic location makes Georgia a natural logistics and transit hub along the Trans-Caspian Trade Route (or “Middle Corridor”) linking Asia and Europe via the Caucasus. Georgia’s economy is steadily growing, by 7.8 percent in 2023 and 9.4 percent in 2024.

Georgia’s economic reforms are reflected in its rankings by reputable international organizations. Georgia ranks 35th in the 2025 Economic Freedom Index of the Heritage Foundation, unchanged from the previous year. According to the World Bank’s Business Ready 2024 report, Georgia is in the top quintile for business location, labor, financial services, international trade, taxation, dispute resolution, and business insolvency. It is in the second quintile for business entry, utility services, and market competition. According to Transparency International, Georgia has the lowest corruption rate in the Caucasus region. In March 2025, Fitch International Credit Rating Agency affirmed Georgia’s long-term foreign-currency rating at ‘BB’ with a Negative Outlook, citing strong growth, moderate debt, and a sound banking sector offset by high dollarisation, weak reserves, and political risks. The outlook reflects concerns over external liquidity and heightened domestic political instability.

In 2024, Georgia’s main export markets were its immediate neighbors and Central Asian countries: Kyrgyzstan (19.6 percent), Kazakhstan (13.1 percent), Azerbaijan (11.0 percent), Russia (10.4 percent), Armenia (9.4 percent), and Türkiye (7.0 percent). Georgia’s main sources of imported goods were the EU (27.2 percent), Türkiye (16.4 percent), the United States (12.2 percent), Russia (10.9 percent), and China (9.5 percent). Georgia’s main imports are petroleum products and natural gas, automobiles, copper ore, medicines, tobacco products, and wheat. After years of declining domestic manufacturing, most consumer goods are imported.

The Georgian government does not control the regions of Abkhazia and South Ossetia, which have been occupied by Russia since the 2008 Russia-Georgia war. The situation along the Administrative Boundary Lines (ABLs) between Tbilisi‐administered territory and the Russian-occupied territories remains tense with ongoing “borderization” efforts by Russian-led security actors and continued detentions by the de facto authorities of those allegedly “illegally” crossing the ABLs into the occupied territories.

Political Environment

Visit the State Department’s website for background on the country’s political and economic environment. https://www.state.gov/countries-areas/georgia/

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