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Georgia vs Russia: Economic Indicators Comparison

Russia with a GDP of $1.7T ranked the 11th largest economy in the world, while Georgia ranked 119th with $17.6B. By GDP 5-years average growth and GDP per capita, Russia and Georgia ranked 162nd vs 54th and 68th vs 111st, respectively.

Gross Domestic Product & Income

StatGeorgiaRussia
GDP$17.6B$1.7T
GDP growth, 1 year4.7%2.3%
GDP growth, 5-years average4%0.5%
Population3.7M146.8M
GDP per capita$4.7k$11k
GDP per capita growth4.72%2.26%
Purchasing Power Parity conversion factor125.64
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.41
GDP per capita, PPP adjusted$11k$29k
GNI, Atlas method$16.6B$1.5T
GNI per capita$4.4k$10k
GNI, PPP adjusted$42.9B$3.9T
GNI per capita, PPP adjusted$12k$26k

Financial system and Human development

StatGeorgiaRussia
Income Tax Rate20%13%
Corporate Tax Rate15%20%
Inflation, consumer prices2.6%2.9%
Inflation, GDP deflator4.4%10.3%
Unemployment14.1%4.7%
Economic Freedom Index77.161
Personal Freedom Index7.46.56
Human Freedom Index7.486.49
Property Rights Index68.656.8
Judical Effectiveness Index57.944.4
Business Freedom Index85.380.2
Fiscal Health Index94.498.7
Labor Freedom Index76.352.1
Investment Freedom Index8030
Financial Freedom Index7030
Trade Freedom Index88.677.8
Monetary Freedom Index78.368.2
Government Spending Index73.663.8
Tax Burden Index87.188.5
Government Integrity Index64.841.3
Corruption Perceptions Index5828
Life expectancy at birth, years73.472.1
Suicide mortality rate, per 100,000 people8.231
Mortality caused by road traffic injury, per 100,000 people15.318
Intentional homicides, per 100,000 people19.2
International tourism, number of arrivals4.8M24.6M

Government debt & reserves

StatGeorgiaRussia
Central government debt, % of GDP44.5%14%
External debt stocks, % of GNI110.6%28.1%
External debt stocks$17.1B$453.9B
Short-term debt, % of total reserves81.1%10.3%
Total debt service, % of exports and primary income23.7%19.6%
Adjusted net savings including particulate emission damage, % of GNI12.5%8%
Gross savings, % of GDP21%30.2%
Gross capital formation, % of GDP28.1%22.7%
Total reserves including gold$3.3B$468.6B
Foreign direct investment net inflows$1.2B$8.8B

Exports, imports and economic structure

StatGeorgiaRussia
Exports of goods and services, % of GDP50.6%30.7%
Imports of goods and services, % of GDP61.2%20.8%
Current account balance (balance of payments)-$1.2B$113.5B
Revenue excluding grants, % of GDP23%27.5%
Grants excluding technical cooperation, BoP$314.1M$658.1M
Personal remittances received$2B$8.6B
Industry including construction value added, % of GDP19.9%32.1%
Agriculture, forestry and fishing value added, % of GDP6.8%3.1%
Charges for the use of intellectual property, payments BoP$27.1M$6.3B
Charges for the use of intellectual property, receipts BoP$270k$876.1M
Expense, % of GDP21.4%28.9%
Government Expenditure, % of GDP29.6%34.7%

Compare with countries close by GDP per capita

Georgia vs

CountryGDP
per capita
Population
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Guatemala
$4.5k
15.5M
Tonga
$4.4k
105k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
190k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.34M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
52.6k
Tuvalu
$3.7k
9.88k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M

Russia vs

CountryGDP
per capita
Population
Trinidad and Tobago
$17k
1.34M
Antigua and Barbuda
$17k
101k
Seychelles
$16k
95.8k
Oman
$16k
3.63M
Hungary
$16k
9.97M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
20.9k
Panama
$16k
3.86M
Poland
$15k
38.5M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.87M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
345k
Equatorial Guinea
$10k
1.22M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M