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Economy of Afghanistan vs Georgia compared: GDP & Debt

Updated on by Georank team

Afghanistan has a GDP of $17.2B compared to $33.8B for Georgia, ranking 137/197 and 107/197 by economy size, respectively.

Afghanistan has $1.42B in government debt (8.25% of GDP), compared to $12.2B (35.8% of GDP) in Georgia.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Afghanistan
GDP, current $

GDP, constant 2015 $
Georgia
GDP, current $

GDP, constant 2015 $
Year GDP
Afghanistan Georgia
Current $ Constant $ Current $ Constant $
1960 - - - $5,243,159,136
1961 - - - $5,498,288,150
1962 - - - $5,779,416,530
1963 - - - $6,022,260,625
1964 - - - $6,349,244,544
1965 - - - $7,019,638,204
1966 - - - $7,548,614,493
1967 - - - $8,020,635,559
1968 - - - $8,378,001,666
1969 - - - $8,778,177,254
1970 - - - $9,836,129,833
1971 - - - $10,079,213,237
1972 - - - $10,365,106,122
1973 - - - $11,037,028,854
1974 - - - $12,009,362,470
1975 - - - $12,895,704,866
1976 - - - $13,682,282,557
1977 - - - $14,625,580,176
1978 - - - $15,712,196,495
1979 - - - $16,870,286,035
1980 - - - $17,642,345,728
1981 - - - $18,571,497,605
1982 - - - $18,943,381,710
1983 - - - $19,758,250,885
1984 - - - $20,830,721,462
1985 - - - $21,860,010,300
1986 - - - $20,072,807,510
1987 - - $7,321,981,334 $20,330,036,656
1988 - - $8,833,588,173 $21,459,462,456
1989 - - $8,902,632,715 $19,915,715,326
1990 - - $7,735,927,264 $16,970,422,996
1991 - - $6,324,503,311 $13,389,689,057
1992 - - $3,690,328,964 $7,377,748,823
1993 - - $2,701,181,331 $5,216,056,134
1994 - - $2,513,867,645 $4,673,678,615
1995 - - $2,693,732,612 $4,795,034,189
1996 - - $3,094,936,177 $5,332,200,118
1997 - - $3,510,520,231 $5,893,190,455
1998 - - $3,613,497,317 $6,075,968,328
1999 - - $2,800,025,883 $6,250,184,305
2000 $3,521,418,060 $6,206,547,590 $3,057,475,335 $6,365,211,521
2001 $2,813,571,754 $5,621,147,631 $3,219,462,262 $6,671,206,250
2002 $3,825,701,439 $7,228,795,919 $3,395,766,678 $7,036,389,740
2003 $4,520,946,819 $7,867,263,256 $3,991,377,904 $7,814,405,535
2004 $5,224,896,719 $7,978,515,642 $5,125,365,192 $8,267,069,270
2005 $6,203,256,539 $8,874,480,196 $6,410,912,050 $9,059,975,320
2006 $6,971,758,282 $9,349,921,886 $7,745,250,734 $9,913,559,156
2007 $9,747,886,187 $10,642,671,963 $10,172,931,089 $11,160,245,710
2008 $10,109,297,048 $11,060,395,116 $12,795,145,131 $11,430,503,828
2009 $12,416,152,732 $13,426,272,073 $10,766,920,066 $11,013,204,447
2010 $15,856,668,556 $15,354,612,542 $12,426,907,967 $11,701,134,203
2011 $17,805,098,206 $15,420,077,666 $15,475,290,469 $12,629,541,567
2012 $19,907,329,778 $17,386,490,239 $16,894,392,033 $13,460,417,766
2013 $20,146,416,758 $18,360,263,163 $17,517,660,144 $14,151,325,572
2014 $20,497,128,556 $18,860,496,494 $17,966,015,109 $14,730,184,214
2015 $19,134,221,645 $19,134,221,645 $15,223,796,149 $15,223,796,149
2016 $18,116,572,395 $19,566,715,174 $15,444,548,902 $15,749,049,875
2017 $18,753,456,498 $20,084,646,751 $16,473,125,375 $16,561,685,511
2018 $18,053,222,687 $20,323,499,020 $17,902,544,881 $17,565,660,917
2019 $18,799,444,490 $21,118,473,702 $17,638,337,117 $18,510,819,818
2020 $19,955,929,052 $20,621,957,125 $16,010,869,216 $17,346,401,921
2021 $14,259,995,441 $16,345,202,563 $18,853,115,589 $19,192,793,472
2022 $14,497,243,872 $15,325,233,810 $24,984,568,960 $21,296,041,913
2023 $17,152,234,637 $15,672,648,238 $30,777,833,601 $22,963,990,777
2024 - - $33,776,141,251 $25,129,167,228

Economic indicators

Afghanistan Georgia
Gross domestic product
$17.2B
2023
$33.8B
2024
GDP rank
137/197
2023
107/197
2024
GDP growth
18.3%
2022-2023
9.74%
2023-2024
GDP per capita
$414
2023
$9,194
2024
GDP per capita rank
196/197
2023
89/197
2024
GDP per capita, PPP
$2,202
2023
$28,418
2024
Government debt
$1.42B
2023
$12.2B
2024
Debt-to-GDP ratio
8.25%
2023
35.8%
2025
Government debt per person
$34.2
2023
$3,318
2024
Government debt per person rank
185/185
2023
97/185
2024
Average annual personal income after taxes
$1,632
2025
$6,750
2025
Number of billionaires n/a
2
2025
Income share by richest 10% n/a
26.2%
2024
Income share by poorest 10% n/a
2.9%
2024
Government expenditure, % of GDP
17%
2023
29.9%
2025
Consumer prices inflation
-4.3%
2023-2024
1.11%
2023-2024
Central bank interest rate
6%
2021
8%
2024
Unemployment rate
5.68%
2021
11.7%
2020
Population
44810409
3672886

GDP per capita in Afghanistan vs Georgia

Afghanistan's GDP per capita is $414, ranking 196/197, compared to $9,194 in Georgia, ranking 89/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while Georgia ranks 74th at $28,418.

Afghanistan
GDP per capita

GDP per capita, PPP
Georgia
GDP per capita

GDP per capita, PPP
Year Current $
Afghanistan Georgia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1987 - - $1,544 -
1988 - - $1,844 -
1989 - - $1,853 -
1990 - - $1,611 $5,836
1991 - - $1,308 $4,727
1992 - - $757 $2,643
1993 - - $550 $1,898
1994 - - $520 $1,764
1995 - - $578 $1,919
1996 - - $689 $2,253
1997 - - $807 $2,616
1998 - - $852 $2,795
1999 - - $674 $2,977
2000 $174.9 $814 $750 $3,161
2001 $138.7 $748 $802 $3,441
2002 $179 $927 $854 $3,719
2003 $198.9 $967 $1,010 $4,240
2004 $221.8 $972 $1,305 $4,635
2005 $254.2 $1,076 $1,643 $5,272
2006 $274.2 $1,122 $1,996 $5,980
2007 $376 $1,287 $2,635 $6,951
2008 $382 $1,334 $3,325 $7,279
2009 $452 $1,571 $2,823 $7,119
2010 $561 $1,766 $3,282 $7,712
2011 $607 $1,744 $4,120 $8,564
2012 $651 $1,988 $4,531 $10,060
2013 $637 $2,133 $4,712 $10,797
2014 $625 $2,224 $4,830 $11,771
2015 $566 $2,284 $4,087 $12,270
2016 $522 $2,213 $4,143 $13,065
2017 $525 $2,336 $4,419 $13,719
2018 $491 $2,432 $4,804 $15,022
2019 $497 $2,583 $4,741 $16,770
2020 $511 $2,562 $4,301 $16,791
2021 $356 $2,144 $5,084 $18,916
2022 $357 $2,123 $6,730 $22,461
2023 $414 $2,202 $8,284 $25,072
2024 - - $9,194 $28,418

Spending and national debt comparison

In 2024, Afghanistan's government spending was $2.91B, accounting for 17% of its GDP, while Georgia's spent $10.2B, or 29.9% of GDP.

Debt-to-GDP ratio is 8.25% in Afghanistan and 35.8% in Georgia, ranking 181/185 and 145/185, respectively.

Afghanistan
Government spending

Government debt
Georgia
Government spending

Government debt
Year % of GDP
Afghanistan Georgia
Government spending Government debt Government spending Government debt
1995 - - 15.6% 19.8%
1996 - - 18.4% 38.9%
1997 - - 21.9% 48.2%
1998 - - 18.9% 80%
1999 - - 19.8% 76.5%
2000 - - 16.9% 58.5%
2001 - - 16.8% 53%
2002 6.94% 346% 16% 50.3%
2003 11.9% 270.6% 16.1% 54.6%
2004 15.1% 245% 18.9% 44.3%
2005 15.7% 206.4% 21.6% 35.3%
2006 18.3% 23% 22.7% 28.3%
2007 21.4% 20.1% 27.7% 22.5%
2008 20.9% 19.1% 31.8% 26.3%
2009 21.2% 16.2% 34.8% 33.6%
2010 20.8% 7.7% 31% 31.4%
2011 21.9% 7.5% 27.1% 27.7%
2012 25% 6.76% 27.7% 28.1%
2013 25% 6.9% 26.6% 28.9%
2014 25.4% 8.7% 27.5% 30.3%
2015 25.9% 9.15% 27% 36%
2016 28% 8.44% 27.8% 39.5%
2017 27.7% 8% 27.2% 38.9%
2018 28.9% 7.38% 26.7% 38.2%
2019 28% 6.14% 28.7% 40%
2020 27.9% 7.33% 34.1% 59.6%
2021 17.9% 11.1% 31.2% 49.1%
2022 16.1% 10.6% 28.5% 39.2%
2023 17% 8.25% 29.7% 38.9%
2024 - - 30.3% 36.1%
2025 - - 29.9% 35.8%

Government deficit by year

In 2023, Afghanistan's government deficit, the difference between spending and revenue, was -$234M, equivalent to -1.36% of GDP. This compares to Georgia's deficit of -$717M, or -2.33% of GDP.

Over the past 22 years, Afghanistan recorded a fiscal deficit in 17 of those years, while Georgia ran a deficit in 18 years. On average, Afghanistan posted an annual deficit equal to -0.97% of GDP, compared to deficit of -1.53% of GDP for Georgia.

Deficit/surplus
Afghanistan

Georgia
Year Deficit/surplus, % of GDP
Afghanistan Georgia
1995 - -4.89%
1996 - -5.91%
1997 - -6.79%
1998 - -4%
1999 - -4.72%
2000 - -1.92%
2001 - -0.71%
2002 -0.1% -0.19%
2003 -2.1% -0.55%
2004 -2.39% 3.59%
2005 -0.92% 2.14%
2006 0.68% 3.28%
2007 -2.46% 0.81%
2008 -3.86% -1.92%
2009 -1.76% -6.36%
2010 0.93% -4.48%
2011 -0.67% -0.81%
2012 0.18% -0.71%
2013 -0.63% -1.25%
2014 -1.72% -1.78%
2015 -1.38% -1.16%
2016 0.13% -1.49%
2017 -0.67% -0.45%
2018 1.63% -0.8%
2019 -1.06% -1.82%
2020 -2.24% -9.16%
2021 -0.48% -5.97%
2022 -1% -2.2%
2023 -1.36% -2.33%
2024 - -2.3%
2025 - -2.56%

Inflation comparison by year

Over the past 22 years, Afghanistan has recorded an average annual inflation rate of 7%, compared with 5.09% in Georgia. In 2024, inflation was -4.3% in Afghanistan and 1.11% in Georgia.

Inflation
Afghanistan

Georgia
Year Inflation
Afghanistan Georgia Afghanistan Georgia
1996 - 39.4%
1997 - 7.09%
1998 - 3.57%
1999 - 19.2%
2000 - 4.06%
2001 - 4.65%
2002 - 5.59%
2003 35.7% 0.84%
2004 16.4% 5.66%
2005 10.6% 8.25%
2006 6.8% 9.16%
2007 8.7% 9.24%
2008 26.4% 10%
2009 -6.8% 1.73%
2010 2.2% 7.11%
2011 11.8% 8.54%
2012 6.4% -0.94%
2013 7.4% -0.51%
2014 4.7% 3.07%
2015 -0.7% 4%
2016 4.4% 2.13%
2017 5% 6.04%
2018 0.6% 2.62%
2019 2.3% 4.85%
2020 5.6% 5.2%
2021 7.8% 9.57%
2022 10.6% 11.9%
2023 -7.7% 2.49%
2024 -4.3% 1.11%

Top exports between countries

Afghanistan
Export category Export value
Raw agricultural goods $8K
Georgia
Export category Export value
Transport & tourism services $891K
Machinery & equipment $57K
Textiles & consumer goods $44K
Metals $28K
Government & miscellaneous services $20K

Balance of trade

Afghanistan Georgia
Current account balance
-$3.14B
2020
-$1.53B
2024
Current account balance ranking
157/189
2020
132/189
2024
Current account balance, % of GDP
-15.7%
2020
-4.53%
2024
Goods imports
$5.88B
2020
$15.2B
2024
Goods exports
$777M
2020
$8.63B
2024
Service imports
$1.11B
2020
$3.82B
2024
Service exports
$700M
2020
$7.7B
2024
Imports of goods and services, % of GDP
50.7%
2023
56%
2024
Exports of goods and services, % of GDP
16.9%
2023
48.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Afghanistan Georgia
Economic freedom 53 69
Economic freedom ranking 142/197 41/197
Property rights 7.4 62.3
Government integrity 14.1 58.9
Judicial effectiveness 2.7 55.3
Tax burden 91.1 89.1
Government spending 76.1 72.9
Fiscal health 99.9 75.9
Business freedom 34.6 78.1
Labor freedom 45.1 63.5
Monetary freedom 80.8 65.3
Trade freedom 68.6 86.2
Investment freedom 10 60
Financial freedom 10 60

Economic freedom by year comparison

The Economic Freedom Index for Afghanistan is 53, ranking 142/197, compared to 69 for Georgia, ranking 41/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Afghanistan
Georgia
Year Economic freedom index
Afghanistan Georgia
1996 - 44.1
1997 - 46.5
1998 - 47.9
1999 - 52.5
2000 - 54.3
2001 - 58.3
2002 - 56.7
2003 - 58.6
2004 - 58.9
2005 - 57.1
2006 - 64.5
2007 - 69.3
2008 - 69.2
2009 - 69.8
2010 - 70.4
2011 - 70.4
2012 - 69.4
2013 - 72.2
2014 - 72.6
2015 - 73
2016 - 72.6
2017 48.9 76
2018 51.3 76.2
2019 51.5 75.9
2020 54.7 77.1
2021 53 77.2
2022 - 71.8
2023 - 68.7
2024 - 68.4
2025 - 69

More economic indicators

Afghanistan Georgia
Services, % of GDP
46.4%
2023
62.8%
2024
Industry, % of GDP
13.4%
2023
19.1%
2024
Agriculture, forestry, and fishing, % of GDP
34.7%
2023
5.42%
2024
GNI, Atlas method
$15.5B
2023
$30.1B
2024
GNI per capita, PPP
$2,210
2023
$26,570
2024
Total reserves including gold
$9.75B
2020
$4.45B
2024
Total reserves ranking
78/177
2020
104/177
2024
Net foreign direct investment
$24.3M
2020
-$906M
2024
Net inflows of foreign direct investment
$20.6M
2021
$1.37B
2024
Net outflows of foreign direct investment
$30.8M
2021
$462M
2024
Servicing debt to the IMF, % of GNI
0.25%
2023
12.5%
2023
Poverty at national poverty lines
47.1%
2019
9.4%
2024
Gross capital formation, % of GDP
15.3%
2023
22.8%
2024

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.