Exports in Georgia
Georgia - Exports
The economy kicked off 2022 on a strong footing, after GDP expanded at a solid pace in Q4 2021. Economic activity growth averaged markedly higher in January–March compared to Q4, partly thanks to skyrocketing merchandise exports and solid activity in the manufacturing and transportation sectors. That said, momentum slowed considerably in March, as the fallout from the war in Ukraine—including soaring inflation, a weaker lari, flatlining remittances and trade disruptions—bruised household spending and constrained the external sector. Growth is likely easing further in Q2, as the war in Ukraine bodes ill for the investment climate, private spending and the key tourism sector. Notably, on 28 April, Moody’s cut Georgia's ‘BA2’ credit rating to negative from stable, citing geopolitical risks stemming from Georgia's "frozen" conflicts with Russia over South Ossetia and Abkhazia.Georgia - Exports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 3.0 | 2.9 | 3.6 | 4.4 | 4.9 |
Georgia Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 2.86 | 0.0 % | Jan 01 |
| Stock Market | 0.1 | 0.55 % | Jan 07 |
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