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Economy of Georgia vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

Georgia has a GDP of $34.2B compared to $552B for the United Arab Emirates, ranking 107/197 and 27/197 by economy size, respectively.

Georgia has $12.3B in government debt (36.1% of GDP), compared to $193B (34.9% of GDP) in the United Arab Emirates.

Georgia vs United Arab Emirates GDP by year

Georgia
United Arab Emirates
1x
Year GDP, current $
Georgia UAE
2024 $34,189,423,545 $552,324,846,835
2023 $30,777,833,601 $522,622,191,967
2022 $24,984,568,960 $511,403,403,676
2021 $18,853,115,589 $422,441,388,700
2020 $16,010,869,216 $357,161,878,829
2019 $17,638,337,117 $433,926,208,305
2018 $17,902,544,881 $440,560,108,918
2017 $16,473,125,375 $403,365,010,211
2016 $15,444,548,902 $381,717,086,453
2015 $15,223,796,149 $381,973,042,886
2014 $17,966,015,109 $424,935,874,745
2013 $17,517,660,144 $409,632,675,289
2012 $16,894,392,033 $392,793,464,942
2011 $15,475,290,469 $368,881,143,635
2010 $12,426,907,967 $307,736,419,333
2009 $10,766,920,066 $253,547,358,747
2008 $12,795,145,131 $315,474,615,739
2007 $10,172,931,089 $257,916,133,424
2006 $7,745,250,734 $222,116,541,865
2005 $6,410,912,050 $180,617,467,965
2004 $5,125,365,192 $147,824,370,320
2003 $3,991,377,904 $124,346,358,067
2002 $3,395,766,678 $109,816,201,498
2001 $3,219,462,262 $103,311,640,572
2000 $3,057,475,335 $104,337,372,362
1999 $2,800,025,883 $84,445,473,111
1998 $3,613,497,317 $75,674,336,283
1997 $3,510,520,231 $78,839,008,445
1996 $3,094,936,177 $73,571,233,996
1995 $2,693,732,612 $65,743,666,576
1994 $2,513,867,645 $59,305,093,980
1993 $2,701,181,331 $55,625,170,253
1992 $3,690,328,964 $54,239,171,888
1991 $6,324,503,311 $51,552,165,622
1990 $7,735,927,264 $50,701,443,748
1989 $8,902,632,715 $41,464,995,914
1988 $8,833,588,173 $36,275,674,203
1987 $7,321,981,334 $36,384,908,744
1986 - $33,943,612,095
1985 - $40,603,650,232
1984 - $41,807,954,236
1983 - $42,803,323,345
1982 - $46,622,718,605
1981 - $49,333,424,135
1980 - $43,599,160,050
1979 - $31,225,659,621
1978 - $23,775,764,225
1977 - $24,871,775,165
1976 - $19,213,158,779
1975 - $14,720,728,249
1974 - $11,651,505,689
1973 - $4,231,243,616
1972 - $1,415,086,929
1971 - $939,893,600
1970 - $685,986,701

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/georgia/united-arab-emirates | CC BY

GDP per capita in Georgia vs United Arab Emirates by year

Georgia
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Georgia UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,241 $28,285 $50,274 $79,229
2023 $8,284 $25,072 $49,851 $77,955
2022 $6,730 $22,461 $50,760 $75,072
2021 $5,084 $18,916 $44,119 $68,580
2020 $4,301 $16,791 $37,992 $66,791
2019 $4,741 $16,770 $45,939 $79,816
2018 $4,804 $15,022 $47,135 $77,446
2017 $4,419 $13,719 $43,734 $70,282
2016 $4,143 $13,065 $42,721 $69,987
2015 $4,087 $12,270 $44,910 $73,986
2014 $4,830 $11,771 $52,725 $87,478
2013 $4,712 $10,797 $53,247 $87,526
2012 $4,531 $10,060 $53,142 $89,198
2011 $4,120 $8,564 $51,922 $89,665
2010 $3,282 $7,712 $44,795 $85,120
2009 $2,823 $7,119 $37,803 $84,780
2008 $3,325 $7,279 $50,054 $94,628
2007 $2,635 $6,951 $45,855 $100,813
2006 $1,996 $5,980 $44,343 $106,814
2005 $1,643 $5,272 $38,719 $101,301
2004 $1,305 $4,635 $33,377 $98,661
2003 $1,010 $4,240 $29,660 $92,636
2002 $854 $3,719 $27,754 $88,467
2001 $802 $3,441 $27,745 $90,370
2000 $750 $3,161 $29,866 $92,899
1999 $674 $2,977 $25,856 $87,658
1998 $852 $2,795 $24,889 $90,229
1997 $807 $2,616 $27,983 $96,009
1996 $689 $2,253 $28,323 $94,620
1995 $578 $1,919 $27,003 $93,702
1994 $520 $1,764 $25,473 $89,959
1993 $550 $1,898 $25,033 $86,330
1992 $757 $2,643 $25,648 $87,509
1991 $1,308 $4,727 $25,691 $87,250
1990 $1,611 $5,836 $26,710 $88,455
1989 $1,853 - $23,167 -
1988 $1,844 - $21,570 -
1987 $1,544 - $23,113 -
1986 - - $23,132 -
1985 - - $29,468 -
1984 - - $32,012 -
1983 - - $34,650 -
1982 - - $39,972 -
1981 - - $44,854 -
1980 - - $42,925 -
1979 - - $34,238 -
1978 - - $29,379 -
1977 - - $35,020 -
1976 - - $31,197 -
1975 - - $27,117 -
1974 - - $23,823 -
1973 - - $9,696 -
1972 - - $3,675 -
1971 - - $2,805 -
1970 - - $2,394 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/georgia/united-arab-emirates | CC BY

Georgia's GDP per capita is $9,241, ranking 89/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), Georgia ranks 74th at $28,285, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Georgia UAE
Gross domestic product
$34.2B
2024
$552B
2024
GDP rank
107/197
2024
27/197
2024
GDP growth
9.68%
2023-2024
3.99%
2023-2024
GDP per capita
$9,241
2024
$50,274
2024
GDP per capita rank
89/197
2024
24/197
2024
GDP per capita, PPP
$28,285
2024
$79,229
2024
GDP per capita PPP rank
74/197
2024
16/197
2024
Government debt
$12.3B
2024
$193B
2024
Debt-to-GDP ratio
36.1%
2024
34.9%
2024
Government debt per person
$3,336
2024
$17,568
2024
Government debt per person rank
96/185
2024
36/185
2024
Average annual personal income after taxes
$6,891
2026
$40,522
2026
Market capitalization of domestic companies n/a
$1.05T
2024
Number of millionaires n/a
339,000
2025
Number of billionaires
2
2025
6
2025
Income share by richest 10%
26.2%
2024
20.5%
2018
Income share by poorest 10%
2.9%
2024
2.8%
2018
Government expenditure, % of GDP
30.3%
2024
21.4%
2024
Consumer prices inflation
1.11%
2023-2024
1.7%
2023-2024
Central bank interest rate
8%
2024
3.65%
2025
Unemployment rate
8.01%
2024
1.88%
2024
Population
3697615
11686438

Spending and national debt comparison by year

Georgia
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Georgia UAE
Government spending Government debt Government spending Government debt
2024 30.3% 36.1% 21.4% 34.9%
2023 29.7% 38.9% 22.7% 31.9%
2022 28.5% 39.2% 22.7% 31.5%
2021 31.2% 49.1% 25.9% 35.7%
2020 34.1% 59.6% 30.5% 30.1%
2019 28.7% 40% 27.4% 25.8%
2018 26.7% 38.2% 25.9% 20.7%
2017 27.2% 38.9% 27.2% 21.2%
2016 27.8% 39.5% 31.7% 18.6%
2015 27% 36% 26.4% 15.6%
2014 27.5% 30.3% 31.4% 13.5%
2013 26.6% 28.9% 28.9% 15.3%
2012 27.7% 28.1% 27.8% 20.2%
2011 27.1% 27.7% 29.6% 20.4%
2010 31% 31.4% 30.4% 18.3%
2009 34.8% 33.6% 35% 21.1%
2008 31.8% 26.3% 22% 8.95%
2007 27.7% 22.5% 17.7% 8.89%
2006 22.7% 28.3% 15.6% 5.05%
2005 21.6% 35.3% 15.7% 4.48%
2004 18.9% 44.3% 17.7% 4.08%
2003 16.1% 54.6% 20% 3.33%
2002 16% 50.3% 21.3% 3.43%
2001 16.8% 53% 25.2% 2.69%
2000 16.9% 58.5% 21.8% 3.12%
1999 19.8% 76.5% 24.3% 4.73%
1998 18.9% 80% 25.8% 4.18%
1997 21.9% 48.2% 22.6% 2.86%
1996 18.4% 38.9% 27.6% 3.48%
1995 15.6% 19.8% 26.1% 5.06%
1994 - - 30.1% 5.58%
1993 - - 31.5% 6.01%
1992 - - 29.6% 5.31%
1991 - - 36% 4.97%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1999, retrieved 2026-02-20).

GeoRank.org/economy/georgia/united-arab-emirates | CC BY

In 2024, Georgia's government spending was $10.3B, accounting for 30.3% of its GDP, while the United Arab Emirates spent $118B, or 21.4% of GDP.

Debt-to-GDP ratio is 36.1% in Georgia and 34.9% in the United Arab Emirates, ranking 144/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Georgia

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Georgia UAE
2024 -2.3% 6.41%
2023 -2.33% 5.82%
2022 -2.2% 9.8%
2021 -5.97% 3.96%
2020 -9.16% -2.42%
2019 -1.82% 2.5%
2018 -0.8% 3.65%
2017 -0.45% -0.16%
2016 -1.49% -2.95%
2015 -1.16% -6.35%
2014 -1.78% 1.74%
2013 -1.25% 7.99%
2012 -0.71% 8.59%
2011 -0.81% 5.05%
2010 -4.48% 0.52%
2009 -6.36% -6.13%
2008 -1.92% 17.6%
2007 0.81% 17.1%
2006 3.28% 20.2%
2005 2.14% 16%
2004 3.59% 6.4%
2003 -0.55% 2.35%
2002 -0.19% -1.24%
2001 -0.71% 1.21%
2000 -1.92% 10.7%
1999 -4.72% 1.31%
1998 -4% 1%
1997 -6.79% 6.71%
1996 -5.91% 0.92%
1995 -4.89% 3.58%
1994 - -1.78%
1993 - -2.89%
1992 - 3.34%
1991 - 3.89%

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

GeoRank.org/economy/georgia/united-arab-emirates | 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 the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 30 years, Georgia recorded a fiscal deficit in 26 of those years, while the United Arab Emirates ran a deficit in 6 years. On average, Georgia posted an annual deficit equal to 2.16% of GDP, compared to surplus of 4.73% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Georgia

United Arab Emirates
1x
Year Consumer prices inflation
Georgia UAE
2024 1.11% 1.7%
2023 2.49% 1.6%
2022 11.9% 4.8%
2021 9.57% -0.1%
2020 5.2% -2.1%
2019 4.85% -1.9%
2018 2.62% 3.1%
2017 6.04% 2%
2016 2.13% 1.6%
2015 4% 4.1%
2014 3.07% 2.3%
2013 -0.51% 1.1%
2012 -0.94% 0.7%
2011 8.54% 0.9%
2010 7.11% 0.9%
2009 1.73% -4.7%
2008 10% 12.3%
2007 9.24% 11.1%
2006 9.16% 9.3%
2005 8.25% 6.2%
2004 5.66% 5%
2003 0.84% 3.1%
2002 5.59% 2.9%
2001 4.65% 2.8%
2000 4.06% 1.3%
1999 19.2% 2.1%
1998 3.57% 2%
1997 7.09% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/georgia/united-arab-emirates | CC BY

Over the past 28 years, Georgia has recorded an average annual inflation rate of 5.58%, compared with 2.75% in the United Arab Emirates. In 2024, inflation was 1.11% in Georgia and 1.7% in the United Arab Emirates.

Top exports between countries

Georgia
Export category Export value
Transport & tourism services $45.5M
Machinery & equipment $11.3M
IT & IP services $2.79M
Business & finance services $2.49M
Processed food, beverages & tobacco $2.33M
Raw materials & minerals $1.87M
Raw agricultural goods $1.53M
Precious metals & jewellery $1.41M
Chemicals & pharma $1.03M
Metals $980K
UAE
Export category Export value
Machinery & equipment $334M
Processed food, beverages & tobacco $98.1M
Textiles & consumer goods $31.9M
Chemicals & pharma $12.2M
Precious metals & jewellery $10.7M
Metals $9.49M
Raw materials & minerals $7.52M
Raw agricultural goods $2.05M
Wood & paper products $1.07M
Miscellaneous $434K

Balance of trade

Georgia UAE
Current account balance
-$1.79B
2024
$80B
2024
Current account balance ranking
139/190
2024
9/190
2024
Current account balance, % of GDP
-5.22%
2024
+14.5%
2024
Goods imports
$15.2B
2024
$400B
2024
Goods exports
$8.63B
2024
$467B
2024
Service imports
$3.81B
2024
$117B
2024
Service exports
$7.71B
2024
$181B
2024
Imports of goods and services, % of GDP
55.6%
2024
92.2%
2023
Exports of goods and services, % of GDP
47.8%
2024
106.8%
2023

Economic freedom indices

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

Georgia UAE
Economic freedom 69.6 71.9
Economic freedom ranking 41/197 29/197
Property rights 53 62.9
Government integrity 59.9 65.3
Judicial effectiveness 53.8 34.4
Tax burden 87.8 99.9
Government spending 73.9 85.1
Fiscal health 89.1 97.6
Business freedom 76.6 84.5
Labor freedom 64 63.2
Monetary freedom 70.2 81.2
Trade freedom 86.8 78.6
Investment freedom 60 50
Financial freedom 60 60

Economic freedom comparison by year

Georgia
United Arab Emirates
1x
Year Economic freedom index
Georgia UAE
2026 69.6 71.9
2025 69 71.6
2024 68.4 71.1
2023 68.7 70.9
2022 71.8 70.2
2021 77.2 76.9
2020 77.1 76.2
2019 75.9 77.6
2018 76.2 77.6
2017 76 76.9
2016 72.6 72.6
2015 73 72.4
2014 72.6 71.4
2013 72.2 71.1
2012 69.4 69.3
2011 70.4 67.8
2010 70.4 67.3
2009 69.8 64.7
2008 69.2 62.6
2007 69.3 62.6
2006 64.5 62.2
2005 57.1 65.2
2004 58.9 67.2
2003 58.6 73.4
2002 56.7 73.6
2001 58.3 74.9
2000 54.3 74.2
1999 52.5 71.5
1998 47.9 72.2
1997 46.5 71.9
1996 44.1 71.6

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/georgia/united-arab-emirates | CC BY

The Economic Freedom Index for Georgia is 69.6, ranking 41/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Georgia UAE
Services, % of GDP
62%
2024
54.9%
2024
Industry, % of GDP
19.6%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
5.49%
2024
0.77%
2024
GNI, Atlas method
$30B
2024
$566B
2024
GNI per capita, PPP
$26,200
2024
$81,530
2024
Total reserves including gold
$4.45B
2024
$238B
2024
Total reserves ranking
104/177
2024
14/177
2024
Net foreign direct investment
-$1.14B
2024
$31.5B
2024
Net inflows of foreign direct investment
$1.6B
2024
$45.6B
2024
Net outflows of foreign direct investment
$462M
2024
$77.2B
2024
Servicing debt to the IMF, % of GNI
15.2%
2024
n/a
Poverty at national poverty lines
9.4%
2024
19.5%
2020
Gross capital formation, % of GDP
24.5%
2024
26.6%
2023

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/united-arab-emirates | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2022–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1999, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.