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Economy of Georgia vs Qatar compared: GDP & Debt

Updated on by Georank

Georgia has a GDP of $38.1B compared to $216B for Qatar, ranking 106/197 and 56/197 by economy size, respectively.

Georgia has $13.1B in government debt (34.3% of GDP), compared to $89.2B (41.4% of GDP) in Qatar.

Georgia vs Qatar GDP by year

Georgia
Qatar
1x
Year GDP, current $
Georgia Qatar
2025 $38,143,612,855 $215,559,615,385
2024 $34,189,423,333 $216,294,505,495
2023 $30,777,833,601 $213,002,809,341
2022 $24,984,568,960 $235,709,325,714
2021 $18,853,115,589 $179,732,009,560
2020 $16,010,869,216 $144,411,363,352
2019 $17,638,337,117 $176,371,267,692
2018 $17,902,544,881 $183,334,953,819
2017 $16,473,125,375 $161,099,122,225
2016 $15,444,548,902 $151,732,181,868
2015 $15,223,796,149 $161,739,955,577
2014 $17,966,015,109 $206,224,598,571
2013 $17,517,660,144 $198,727,642,967
2012 $16,894,392,033 $186,833,502,363
2011 $15,475,290,469 $167,775,274,725
2010 $12,426,907,967 $125,122,252,747
2009 $10,766,920,066 $97,798,351,648
2008 $12,795,145,131 $115,269,780,220
2007 $10,172,931,089 $79,711,813,187
2006 $7,745,250,734 $60,882,142,857
2005 $6,410,912,050 $44,530,494,505
2004 $5,125,365,192 $31,734,065,934
2003 $3,991,377,904 $23,533,791,209
2002 $3,395,766,678 $19,363,736,264
2001 $3,219,462,262 $17,538,461,538
2000 $3,057,475,335 $17,759,890,110
1999 $2,800,025,883 $12,393,131,868
1998 $3,613,497,317 $10,255,494,505
1997 $3,510,520,231 $11,297,802,198
1996 $3,094,936,177 $9,059,340,659
1995 $2,693,732,612 $8,137,912,088
1994 $2,513,867,645 $7,374,450,549
1993 $2,701,181,331 $7,156,593,407
1992 $3,690,328,964 $7,646,153,846
1991 $6,324,503,311 $6,883,516,484
1990 $7,735,927,264 $7,360,439,560
1989 $8,902,632,715 $6,487,912,088
1988 $8,833,588,173 $6,038,186,813
1987 $7,321,981,334 $5,446,428,571
1986 - $5,053,021,978
1985 - $6,153,296,703
1984 - $6,870,329,670
1983 - $6,484,890,110
1982 - $7,611,263,736
1981 - $8,672,527,473
1980 - $7,837,915,956
1979 - $5,632,962,997
1978 - $4,052,000,413
1977 - $3,617,564,638
1976 - $3,284,273,987
1975 - $2,512,773,166
1974 - $2,401,403,227
1973 - $793,885,560
1972 - $510,262,500
1971 - $387,703,106
1970 - $301,791,302

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

GeoRank.org/economy/georgia/qatar | CC BY

GDP per capita in Georgia vs Qatar by year

Georgia
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Georgia Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $9,692 - $72,525 -
2024 $8,968 $28,285 $75,685 $126,046
2023 $8,284 $25,072 $80,196 $129,368
2022 $6,730 $22,461 $88,701 $122,921
2021 $5,084 $18,916 $71,752 $116,833
2020 $4,301 $16,791 $51,684 $82,149
2019 $4,741 $16,770 $66,841 $107,503
2018 $4,804 $15,022 $71,040 $110,033
2017 $4,419 $13,719 $63,280 $99,358
2016 $4,143 $13,065 $61,254 $89,935
2015 $4,087 $12,270 $68,985 $102,546
2014 $4,830 $11,771 $95,841 $148,389
2013 $4,712 $10,797 $103,697 $169,203
2012 $4,531 $10,060 $108,470 $180,939
2011 $4,120 $8,564 $103,262 $174,620
2010 $3,282 $7,712 $77,387 $151,646
2009 $2,823 $7,119 $60,786 $125,898
2008 $3,325 $7,279 $80,781 $126,015
2007 $2,635 $6,951 $65,954 $124,056
2006 $1,996 $5,980 $62,582 $127,181
2005 $1,643 $5,272 $53,950 $115,250
2004 $1,305 $4,635 $41,036 $110,958
2003 $1,010 $4,240 $31,602 $94,120
2002 $854 $3,719 $27,227 $93,177
2001 $802 $3,441 $25,871 $89,805
2000 $750 $3,161 $27,535 $88,849
1999 $674 $2,977 $20,234 $84,690
1998 $852 $2,795 $17,665 $84,486
1997 $807 $2,616 $20,523 $79,219
1996 $689 $2,253 $17,125 $62,331
1995 $578 $1,919 $15,823 $60,321
1994 $520 $1,764 $14,765 $59,415
1993 $550 $1,898 $14,770 $59,125
1992 $757 $2,643 $16,280 $60,387
1991 $1,308 $4,727 $15,133 $54,759
1990 $1,611 $5,836 $16,722 $55,659
1989 $1,853 - $15,243 -
1988 $1,844 - $14,682 -
1987 $1,544 - $13,719 -
1986 - - $13,213 -
1985 - - $16,815 -
1984 - - $19,749 -
1983 - - $19,669 -
1982 - - $24,431 -
1981 - - $29,543 -
1980 - - $28,407 -
1979 - - $21,777 -
1978 - - $16,757 -
1977 - - $16,058 -
1976 - - $15,710 -
1975 - - $13,014 -
1974 - - $13,540 -
1973 - - $4,905 -
1972 - - $3,483 -
1971 - - $2,952 -
1970 - - $2,594 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

GeoRank.org/economy/georgia/qatar | CC BY

Georgia's GDP per capita is $9,692, ranking 89/197, compared to $72,525 in Qatar, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Georgia ranks 74th at $28,285, while Qatar ranks 5th at $126,046.

Economic indicators

Georgia Qatar
Gross domestic product
$38.1B
2025
$216B
2025
GDP rank
106/197
2025
56/197
2025
GDP growth
7.46%
2024-2025
2.9%
2024-2025
GDP per capita
$9,692
2025
$72,525
2025
GDP per capita rank
89/197
2025
13/197
2025
GDP per capita, PPP
$28,285
2024
$126,046
2024
GDP per capita PPP rank
74/197
2024
5/197
2024
Government debt
$13.1B
2025
$89.2B
2025
Debt-to-GDP ratio
34.3%
2025
41.4%
2025
Government debt per person
$3,323
2025
$30,009
2025
Government debt per person rank
99/185
2025
24/185
2025
Average annual personal income after taxes
$7,158
2026
$37,042
2026
Market capitalization of domestic companies n/a
$177B
2025
Number of millionaires n/a
30,000
2026
Number of billionaires
2
2026
2
2026
Income share by richest 10%
26.2%
2024
25.8%
2017
Income share by poorest 10%
2.9%
2024
2.6%
2017
Government expenditure, % of GDP
28.4%
2025
27.1%
2025
Consumer prices inflation
3.87%
2024-2025
0.6%
2024-2025
Central bank interest rate
8.25%
2026
4.1%
2025
Unemployment rate
8.01%
2024
0.1%
2024
Population
3934050
3058826

Spending and national debt comparison by year

Georgia
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Georgia Qatar
Government spending Government debt Government spending Government debt
2025 28.4% 34.3% 27.1% 41.4%
2024 29.9% 35.7% 26% 41.3%
2023 29.7% 38.9% 26.7% 42.8%
2022 28.5% 39.2% 24.3% 42.6%
2021 31.2% 49.1% 29.4% 58.4%
2020 34.1% 59.6% 34.7% 72.6%
2019 28.7% 40% 32.5% 62.1%
2018 26.7% 38.2% 28.9% 52.2%
2017 27.2% 38.9% 34.7% 51.6%
2016 27.8% 39.5% 40.1% 46.7%
2015 27% 36% 38.6% 35.5%
2014 27.5% 30.3% 32.3% 24.9%
2013 26.6% 28.9% 28.3% 30.9%
2012 27.7% 28.1% 31% 32.1%
2011 27.1% 27.7% 28.5% 33.5%
2010 31% 31.4% 32% 30.4%
2009 34.8% 33.6% 36.4% 36%
2008 31.8% 26.3% 23.5% 11.4%
2007 27.7% 22.5% 29.5% 9.37%
2006 22.7% 28.3% 29.5% 13.9%
2005 21.6% 35.3% 29% 19.1%
2004 18.9% 44.3% 29.9% 30.1%
2003 16.1% 54.6% 28.5% 38.8%
2002 16% 50.3% 31.6% 47.7%
2001 16.8% 53% 32.1% 59.2%
2000 16.9% 58.5% 29.8% 51.6%
1999 19.7% 76.5% 42.4% 81.8%
1998 18.7% 80% 55.1% 76.6%
1997 21.4% 48.2% 47.6% 54.4%
1996 18.4% 38.9% 55.2% 57.8%
1995 15.7% 19.8% 52.2% 50.2%
1994 - - 59.8% 54.8%
1993 - - 62.8% 46.3%
1992 - - 54.2% 19.9%
1991 - - 57.5% 21.8%
1990 - - 50% 12.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-07-08).

GeoRank.org/economy/georgia/qatar | CC BY

In 2025, Georgia's government spending was $10.8B, accounting for 28.4% of its GDP, while Qatar spent $58.4B, or 27.1% of GDP.

Debt-to-GDP ratio is 34.3% in Georgia and 41.4% in Qatar, ranking 147/185 and 127/185, respectively.

Government deficit by year

Deficit/surplus
Georgia

Qatar
1x
Year Deficit/surplus, % of GDP
Georgia Qatar
2025 -1.46% -1%
2024 -2.27% 0.71%
2023 -2.33% 5.51%
2022 -2.2% 10.4%
2021 -5.97% 0.24%
2020 -9.16% -2.13%
2019 -1.82% 1%
2018 -0.8% 2.26%
2017 -0.45% -6.82%
2016 -1.49% -9.2%
2015 -1.16% 18.4%
2014 -1.78% 13.4%
2013 -1.25% 19.3%
2012 -0.71% 8.55%
2011 -0.81% 5.24%
2010 -4.48% 4.6%
2009 -6.36% 14.1%
2008 -1.92% 9.49%
2007 0.81% 10.3%
2006 3.28% 8.39%
2005 2.14% 9.8%
2004 3.59% 17.7%
2003 -0.55% 6.71%
2002 -0.19% 7.89%
2001 -0.71% 4.48%
2000 -1.92% 4.62%
1999 -4.7% -4.35%
1998 -3.96% -7%
1997 -6.63% -9.4%
1996 -5.91% -8.73%
1995 -4.89% -5.78%
1994 - -11.8%
1993 - -9.53%
1992 - -2.74%
1991 - -2.57%
1990 - 3.23%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/georgia/qatar | CC BY

In 2025, Georgia's government deficit, the difference between spending and revenue, was $555M, equivalent to 1.46% of GDP. This compares to Qatar's deficit of $2.16B, or 1% of GDP.

Over the past 31 years, Georgia recorded a fiscal deficit in 27 of those years, while Qatar ran a deficit in 9 years. On average, Georgia posted an annual deficit equal to 2.13% of GDP, compared to surplus of 4.15% of GDP for Qatar.

Inflation comparison by year

Inflation
Georgia

Qatar
1x
Year Consumer prices inflation
Georgia Qatar
2025 3.87% 0.6%
2024 1.11% 1.2%
2023 2.49% 3.1%
2022 11.9% 5%
2021 9.57% 2.3%
2020 5.2% -2.5%
2019 4.85% -0.9%
2018 2.62% 0.1%
2017 6.04% 0.6%
2016 2.13% 2.7%
2015 4% 0.9%
2014 3.07% 4.2%
2013 -0.51% 3.1%
2012 -0.94% 1.8%
2011 8.54% 2%
2010 7.11% -2.4%
2009 1.73% -4.9%
2008 10% 15.1%
2007 9.24% 13.7%
2006 9.16% 11.7%
2005 8.25% 9%
2004 5.66% 6.8%
2003 0.84% 2.3%
2002 5.59% 0.2%
2001 4.65% 1.7%
2000 4.06% 1.6%
1999 19.2% 2.2%
1998 3.57% 2.9%
1997 7.09% 2.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/georgia/qatar | CC BY

Over the past 29 years, Georgia has recorded an average annual inflation rate of 5.52%, compared with 2.99% in Qatar. In 2025, inflation was 3.87% in Georgia and 0.6% in Qatar.

Top exports between countries

Georgia
Export category Export value
Transport & tourism services $2.96M
Animal & marine products $1.26M
Processed food, beverages & tobacco $153K
Chemicals & pharma $96K
Machinery & equipment $95K
Miscellaneous $79K
Raw agricultural goods $50K
Textiles & consumer goods $12K
Wood & paper products $4K
Metals $3K
Qatar
Export category Export value
Chemicals & pharma $3.06M
Machinery & equipment $2.95M
Textiles & consumer goods $24K
Animal & marine products $19K
Miscellaneous $14K

Balance of trade

Georgia Qatar
Current account balance
-$1.01B
2025
$31.9B
2025
Current account balance ranking
116/190
2025
17/190
2025
Current account balance, % of GDP
-2.65%
2025
+14.8%
2025
Goods imports
$16.5B
2025
$34.3B
2025
Goods exports
$9.63B
2025
$90B
2025
Service imports
$3.85B
2025
$31.3B
2025
Service exports
$8.49B
2025
$24.4B
2025
Imports of goods and services, % of GDP
53.2%
2025
31.6%
2022
Exports of goods and services, % of GDP
47.4%
2025
68.6%
2022

Economic freedom indices

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

Georgia Qatar
Economic freedom 69.6 70.2
Economic freedom ranking 41/197 37/197
Property rights 53 66.2
Government integrity 59.9 53.5
Judicial effectiveness 53.8 41.5
Tax burden 87.8 99.9
Government spending 73.9 79.9
Fiscal health 89.1 96.6
Business freedom 76.6 68
Labor freedom 64 58.5
Monetary freedom 70.2 76
Trade freedom 86.8 81.8
Investment freedom 60 60
Financial freedom 60 60

Economic freedom comparison by year

Georgia
Qatar
1x
Year Economic freedom index
Georgia Qatar
2026 69.6 70.2
2025 69 70.2
2024 68.4 68.8
2023 68.7 68.6
2022 71.8 67.7
2021 77.2 72
2020 77.1 72.3
2019 75.9 72.6
2018 76.2 72.6
2017 76 73.1
2016 72.6 70.7
2015 73 70.8
2014 72.6 71.2
2013 72.2 71.3
2012 69.4 71.3
2011 70.4 70.5
2010 70.4 69
2009 69.8 65.8
2008 69.2 62.2
2007 69.3 62.9
2006 64.5 62.4
2005 57.1 63.5
2004 58.9 66.5
2003 58.6 65.9
2002 56.7 61.9
2001 58.3 60
2000 54.3 62
1999 52.5 62
1998 47.9 -
1997 46.5 -
1996 44.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/georgia/qatar | CC BY

The Economic Freedom Index for Georgia is 69.6, ranking 41/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Georgia Qatar
Services, % of GDP
63.9%
2025
47%
2025
Industry, % of GDP
18.6%
2025
57%
2025
Agriculture, forestry, and fishing, % of GDP
5.18%
2025
0.31%
2025
GNI, Atlas method
$35.4B
2025
$221B
2025
GNI per capita, PPP
$27,570
2025
$126,290
2025
Total reserves including gold
$6.16B
2025
$55.8B
2025
Total reserves ranking
94/177
2025
45/177
2025
Net foreign direct investment
-$1.39B
2025
$311M
2025
Net inflows of foreign direct investment
$1.6B
2024
$460M
2024
Net outflows of foreign direct investment
$462M
2024
$1.56B
2024
Servicing debt to the IMF, % of GNI
15.2%
2024
n/a
Poverty at national poverty lines
9.4%
2024
n/a
Gross capital formation, % of GDP
21.3%
2025
30.6%
2022

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/georgia/qatar | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.