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Economy of Georgia vs Tanzania compared: GDP & Debt

Updated on by Georank team

Georgia has a GDP of $34.2B compared to $78.8B for Tanzania, ranking 107/197 and 82/197 by economy size, respectively.

Georgia has $12.3B in government debt (36.1% of GDP), compared to $39.3B (49.9% of GDP) in Tanzania.

Georgia vs Tanzania GDP by year

Georgia
Tanzania
1x
Year GDP, current $
Georgia Tanzania
2024 $34,189,423,545 $78,844,405,385
2023 $30,777,833,601 $79,030,935,627
2022 $24,984,568,960 $75,749,121,843
2021 $18,853,115,589 $70,655,628,148
2020 $16,010,869,216 $66,068,737,786
2019 $17,638,337,117 $61,026,731,926
2018 $17,902,544,881 $57,003,712,892
2017 $16,473,125,375 $53,274,884,533
2016 $15,444,548,902 $49,774,409,374
2015 $15,223,796,149 $47,413,919,817
2014 $17,966,015,109 $49,986,726,461
2013 $17,517,660,144 $45,648,857,242
2012 $16,894,392,033 $39,650,394,363
2011 $15,475,290,469 $34,657,140,096
2010 $12,426,907,967 $32,012,892,919
2009 $10,766,920,066 $29,400,573,554
2008 $12,795,145,131 $27,947,821,398
2007 $10,172,931,089 $21,860,434,823
2006 $7,745,250,734 $18,619,859,795
2005 $6,410,912,050 $18,395,383,647
2004 $5,125,365,192 $16,673,062,473
2003 $3,991,377,904 $15,211,487,709
2002 $3,395,766,678 $14,129,651,896
2001 $3,219,462,262 $13,563,990,022
2000 $3,057,475,335 $13,371,767,082
1999 $2,800,025,883 $12,704,334,196
1998 $3,613,497,317 $12,172,790,056
1997 $3,510,520,231 $11,158,197,942
1996 $3,094,936,177 $9,433,528,150
1995 $2,693,732,612 $7,631,431,840
1994 $2,513,867,645 $6,550,480,484
1993 $2,701,181,331 $6,182,872,708
1992 $3,690,328,964 $6,681,997,469
1991 $6,324,503,311 $7,197,768,159
1990 $7,735,927,264 $6,184,384,225
1989 $8,902,632,715 $6,418,799,007
1988 $8,833,588,173 $7,406,614,407
1987 $7,321,981,334 $7,824,193,222
1986 - $10,840,864,521
1985 - $15,328,295,175
1984 - $12,906,635,133
1983 - $14,049,883,809
1982 - $13,927,383,240
1981 - $13,161,540,378
1980 - $11,409,228,087
1979 - $9,804,637,491
1978 - $9,261,675,710
1977 - $7,732,598,995
1976 - $6,472,511,988
1975 - $5,729,917,840
1974 - $4,977,337,978
1973 - $4,144,104,535
1972 - $3,472,787,266
1971 - $3,050,673,517
1970 - $2,851,419,386
1969 - $5,142,066,811
1968 - $4,895,251,824
1967 - $4,565,132,048
1966 - $4,377,998,825
1965 - $3,817,226,546
1964 - $3,748,840,925
1963 - $3,456,579,293
1962 - $3,101,589,993
1961 - $2,826,179,031
1960 - $2,651,729,807

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Georgia vs Tanzania by year

Georgia
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Georgia Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,241 $28,285 $1,150 $4,221
2023 $8,284 $25,072 $1,186 $4,019
2022 $6,730 $22,461 $1,171 $3,800
2021 $5,084 $18,916 $1,125 $3,493
2020 $4,301 $16,791 $1,084 $3,291
2019 $4,741 $16,770 $1,031 $2,982
2018 $4,804 $15,022 $992 $2,728
2017 $4,419 $13,719 $957 $2,472
2016 $4,143 $13,065 $925 $2,435
2015 $4,087 $12,270 $911 $2,317
2014 $4,830 $11,771 $993 $2,221
2013 $4,712 $10,797 $935 $2,176
2012 $4,531 $10,060 $837 $2,083
2011 $4,120 $8,564 $753 $2,211
2010 $3,282 $7,712 $715 $2,069
2009 $2,823 $7,119 $674 $1,972
2008 $3,325 $7,279 $657 $1,908
2007 $2,635 $6,951 $528 $1,820
2006 $1,996 $5,980 $462 $1,707
2005 $1,643 $5,272 $469 $1,598
2004 $1,305 $4,635 $438 $1,482
2003 $1,010 $4,240 $410 $1,379
2002 $854 $3,719 $391 $1,302
2001 $802 $3,441 $385 $1,229
2000 $750 $3,161 $390 $1,164
1999 $674 $2,977 $382 $1,120
1998 $852 $2,795 $375 $1,082
1997 $807 $2,616 $353 $1,059
1996 $689 $2,253 $305 $1,026
1995 $578 $1,919 $251.2 $981
1994 $520 $1,764 $222.5 $958
1993 $550 $1,898 $218.2 $959
1992 $757 $2,643 $243.4 $955
1991 $1,308 $4,727 $268.8 $952
1990 $1,611 $5,836 $236.9 $925
1989 $1,853 - $252.3 -
1988 $1,844 - $299 -
1987 $1,544 - $326 -
1986 - - $466 -
1985 - - $681 -
1984 - - $593 -
1983 - - $667 -
1982 - - $683 -
1981 - - $665 -
1980 - - $595 -
1979 - - $527 -
1978 - - $515 -
1977 - - $446 -
1976 - - $387 -
1975 - - $355 -
1974 - - $320 -
1973 - - $276.1 -
1972 - - $239.8 -
1971 - - $218.4 -
1970 - - $211.3 -
1969 - - $394 -
1968 - - $388 -
1967 - - $374 -
1966 - - $370 -
1965 - - $333 -
1964 - - $337 -
1963 - - $320 -
1962 - - $295.7 -
1961 - - $277.4 -
1960 - - $267.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Georgia's GDP per capita is $9,241, ranking 89/197, compared to $1,150 in Tanzania, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Georgia ranks 74th at $28,285, while Tanzania ranks 165th at $4,221.

Economic indicators

Georgia Tanzania
Gross domestic product
$34.2B
2024
$78.8B
2024
GDP rank
107/197
2024
82/197
2024
GDP growth
9.68%
2023-2024
5.53%
2023-2024
GDP per capita
$9,241
2024
$1,150
2024
GDP per capita rank
89/197
2024
170/197
2024
GDP per capita, PPP
$28,285
2024
$4,221
2024
GDP per capita PPP rank
74/197
2024
165/197
2024
Government debt
$12.3B
2024
$39.3B
2024
Debt-to-GDP ratio
36.1%
2024
49.9%
2024
Government debt per person
$3,336
2024
$573
2024
Government debt per person rank
96/185
2024
160/185
2024
Average annual personal income after taxes
$6,891
2026
$2,309
2026
Market capitalization of domestic companies n/a
$7.32B
2024
Number of billionaires
2
2025
1
2025
Income share by richest 10%
26.2%
2024
33.1%
2018
Income share by poorest 10%
2.9%
2024
2.9%
2018
Government expenditure, % of GDP
30.3%
2024
19.1%
2024
Consumer prices inflation
1.11%
2023-2024
3.06%
2023-2024
Central bank interest rate
8%
2024
6%
2024
Unemployment rate
8.01%
2024
2.43%
2024
Population
3697615
73145892

Spending and national debt comparison by year

Georgia
Spending

Debt
Tanzania
Spending

Debt
1x
Year % of GDP
Georgia Tanzania
Government spending Government debt Government spending Government debt
2024 30.3% 36.1% 19.1% 49.9%
2023 29.7% 38.9% 19% 47.8%
2022 28.5% 39.2% 19.1% 44.9%
2021 31.2% 49.1% 18.4% 43.4%
2020 34.1% 59.6% 17.4% 41.3%
2019 28.7% 40% 17.3% 40.4%
2018 26.7% 38.2% 17.3% 42%
2017 27.2% 38.9% 16.4% 40.1%
2016 27.8% 39.5% 16.9% 39.8%
2015 27% 36% 17.2% 39.5%
2014 27.5% 30.3% 17.3% 36.4%
2013 26.6% 28.9% 18.8% 32.7%
2012 27.7% 28.1% 19.6% 30%
2011 27.1% 27.7% 19% 28.4%
2010 31% 31.4% 19.8% 27.6%
2009 34.8% 33.6% 19.6% 23.9%
2008 31.8% 26.3% 18.1% 21.6%
2007 27.7% 22.5% 17.8% 23.8%
2006 22.7% 28.3% 17.6% 17.4%
2005 21.6% 35.3% 18.3% 25.4%
2004 18.9% 44.3% 17% 44.5%
2003 16.1% 54.6% 15.4% 44.4%
2002 16% 50.3% 13.6% 47.4%
2001 16.8% 53% 12.4% 50.8%
2000 16.9% 58.5% 12.3% 55.4%
1999 19.8% 76.5% 12.8% 62.9%
1998 18.9% 80% 11.4% 62.2%
1997 21.9% 48.2% 12.8% 73.4%
1996 18.4% 38.9% 13.4% 89.6%
1995 15.6% 19.8% 15.6% 111.1%
1994 - - 16.8% 126%
1993 - - 16.4% 129.2%
1992 - - 17.6% 117.6%
1991 - - 14.2% 106.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-02-20).

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

In 2024, Georgia's government spending was $10.3B, accounting for 30.3% of its GDP, while Tanzania spent $15.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 36.1% in Georgia and 49.9% in Tanzania, ranking 144/185 and 109/185, respectively.

Government deficit by year

Deficit/surplus
Georgia

Tanzania
1x
Year Deficit/surplus, % of GDP
Georgia Tanzania
2024 -2.3% -3.03%
2023 -2.33% -3.67%
2022 -2.2% -3.92%
2021 -5.97% -3.55%
2020 -9.16% -2.56%
2019 -1.82% -2.06%
2018 -0.8% -2.01%
2017 -0.45% -1.14%
2016 -1.49% -2.08%
2015 -1.16% -3.17%
2014 -1.78% -2.91%
2013 -1.25% -3.76%
2012 -0.71% -4%
2011 -0.81% -3.51%
2010 -4.48% -4.74%
2009 -6.36% -4.46%
2008 -1.92% -1.92%
2007 0.81% -1.44%
2006 3.28% -3.38%
2005 2.14% -3.28%
2004 3.59% -2.43%
2003 -0.55% -1.77%
2002 -0.19% -0.73%
2001 -0.71% -0.41%
2000 -1.92% -0.73%
1999 -4.72% -1.14%
1998 -4% 0.13%
1997 -6.79% -0.03%
1996 -5.91% 1.57%
1995 -4.89% -2.12%
1994 - -3.74%
1993 - -2.02%
1992 - -4.96%
1991 - 0.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

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

In 2024, Georgia's government deficit, the difference between spending and revenue, was $785M, equivalent to 2.3% of GDP. This compares to Tanzania's deficit of $2.39B, or 3.03% of GDP.

Over the past 30 years, Georgia recorded a fiscal deficit in 26 of those years, while Tanzania ran a deficit in 28 years. On average, Georgia posted an annual deficit equal to 2.16% of GDP, compared to deficit of 2.27% of GDP for Tanzania.

Inflation comparison by year

Inflation
Georgia

Tanzania
1x
Year Consumer prices inflation
Georgia Tanzania
2024 1.11% 3.06%
2023 2.49% 3.8%
2022 11.9% 4.35%
2021 9.57% 3.69%
2020 5.2% 3.29%
2019 4.85% 3.46%
2018 2.62% 3.49%
2017 6.04% 5.32%
2016 2.13% 5.17%
2015 4% 5.59%
2014 3.07% 6.13%
2013 -0.51% 7.87%
2012 -0.94% 16%
2011 8.54% 12.7%
2010 7.11% 6.2%
2009 1.73% 12.1%
2008 10% 10.3%
2007 9.24% 7.03%
2006 9.16% 7.25%
2005 8.25% 5.03%
2004 5.66% 4.74%
2003 0.84% 5.3%
2002 5.59% 5.32%
2001 4.65% 5.15%
2000 4.06% 5.92%
1999 19.2% 7.89%
1998 3.57% 12.8%
1997 7.09% 16.1%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Georgia has recorded an average annual inflation rate of 5.58%, compared with 6.97% in Tanzania. In 2024, inflation was 1.11% in Georgia and 3.06% in Tanzania.

Top exports between countries

Georgia
Export category Export value
Raw materials & minerals $3.26M
Metals $1.16M
Machinery & equipment $154K
Transport & tourism services $94K
Processed food, beverages & tobacco $29K
Miscellaneous $9K
Textiles & consumer goods $1K
Tanzania
Export category Export value
Processed food, beverages & tobacco $3.56M
Machinery & equipment $125K
Raw agricultural goods $99K
Chemicals & pharma $26K
Animal & marine products $19K
Metals $4K
Textiles & consumer goods $3K

Balance of trade

Georgia Tanzania
Current account balance
-$1.79B
2024
-$2.38B
2024
Current account balance ranking
139/190
2024
147/190
2024
Current account balance, % of GDP
-5.22%
2024
-3.02%
2024
Goods imports
$15.2B
2024
$14.2B
2024
Goods exports
$8.63B
2024
$9.12B
2024
Service imports
$3.81B
2024
$2.8B
2024
Service exports
$7.71B
2024
$6.85B
2024
Imports of goods and services, % of GDP
55.6%
2024
21.7%
2024
Exports of goods and services, % of GDP
47.8%
2024
19.8%
2024

Economic freedom indices

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

Georgia Tanzania
Economic freedom 69.6 59
Economic freedom ranking 41/197 106/197
Property rights 53 45.2
Government integrity 59.9 40.9
Judicial effectiveness 53.8 29.6
Tax burden 87.8 80.4
Government spending 73.9 89.1
Fiscal health 89.1 75
Business freedom 76.6 48.1
Labor freedom 64 62.3
Monetary freedom 70.2 73.4
Trade freedom 86.8 58.8
Investment freedom 60 55
Financial freedom 60 50

Economic freedom comparison by year

Georgia
Tanzania
1x
Year Economic freedom index
Georgia Tanzania
2026 69.6 59
2025 69 59.3
2024 68.4 59.1
2023 68.7 60
2022 71.8 59.5
2021 77.2 61.3
2020 77.1 61.7
2019 75.9 60.2
2018 76.2 59.9
2017 76 58.6
2016 72.6 58.5
2015 73 57.5
2014 72.6 57.8
2013 72.2 57.9
2012 69.4 57
2011 70.4 57
2010 70.4 58.3
2009 69.8 58.3
2008 69.2 56.5
2007 69.3 56.8
2006 64.5 58.5
2005 57.1 56.3
2004 58.9 60.1
2003 58.6 56.9
2002 56.7 58.3
2001 58.3 54.9
2000 54.3 56
1999 52.5 60
1998 47.9 59.6
1997 46.5 59.3
1996 44.1 57.5
1995 - 57.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Georgia is 69.6, ranking 41/197, compared to 59 for Tanzania, ranking 106/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Georgia Tanzania
Services, % of GDP
62%
2024
29.6%
2024
Industry, % of GDP
19.6%
2024
28.6%
2024
Agriculture, forestry, and fishing, % of GDP
5.49%
2024
23.3%
2024
GNI, Atlas method
$30B
2024
$80.2B
2024
GNI per capita, PPP
$26,200
2024
$4,130
2024
Total reserves including gold
$4.45B
2024
$5.05B
2018
Total reserves ranking
104/177
2024
101/177
2018
Net foreign direct investment
-$1.14B
2024
-$1.72B
2024
Net inflows of foreign direct investment
$1.6B
2024
$1.72B
2024
Net outflows of foreign direct investment
$462M
2024
$0
2024
Servicing debt to the IMF, % of GNI
15.2%
2024
2.57%
2024
Poverty at national poverty lines
9.4%
2024
26.4%
2018
Gross capital formation, % of GDP
24.5%
2024
39.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-02-20)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.