High import dependence is dangerous when a country finances

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A Georgian citizen may be abroad and receive services there, for example, to receive education or treatment, which is considered an import of services. Import statistics are published by various international organizations, both in nominal terms and in relation to the economy, gross domestic product (GDP). The ratio of import volume to GDP shows us how dependent a country is on imports, that is, what share of the economy is occupied by the consumption of imported goods and services.


If a country is highly dependent on imports but also indonesia mobile database has high exports, there is nothing alarming about this. On the contrary, many rich, developed countries today are characterized by high import dependence. the purchase of imported goods and services by taking on foreign debt, especially government debt. Georgia in the import dependence ranking According to the World Bank, in 2023, Georgia ranked 49th out of 168 countries in terms of dependence on imports of goods and services.


48 countries were more dependent on imports than Georgia, and 119 countries were less dependent. In 2023, the value of goods and services imported into Georgia amounted to 47 billion GEL, which is 57.9% of Georgia's 2023 GDP. In 2022, Georgia also ranked 49th, although imports were 62.2% of GDP. Before the pandemic, in 2019, the share of imports in Georgia's GDP was 63.