Geostat Countries with the most negative

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When a country has a trade deficit, it balances the deficit with income from services (for example, tourism), remittances from emigrants, foreign investment, or foreign debt. Georgia in the foreign trade balance ranking The World Bank (WB) has published data on the balance of foreign trade by country as of 2023. In 2023, Georgia's foreign trade deficit amounted to -31.2% of GDP, and with this indicator, Georgia ranks 21st among 181 countries in the world.


Only 20 countries have a higher trade deficit than Georgia taiyuan mobile database in terms of GDP. In 2022, Georgia ranked 22nd in the world in terms of trade deficit, with a deficit of -31.9% of GDP. According to Geostat, in 2023, Georgia's economy (GDP) was 30.5 billion USD, and the foreign trade deficit amounted to 9.5 billion USD, which is -31.2 to GDP. In 2023, Georgia's exports amounted to 6.


1 billion USD, and imports - 15.6 billion USD. In 2023, exports increased by 9%, while imports increased by 15.2%. The trade deficit worsened by $1.6 billion. Chart 1. Georgia's foreign trade deficit to GDP in 2013-2023 Data source: and positive trade balances The world's largest trade deficit relative to GDP is held by the small Pacific island nation of Palau.