GDP$30.8BCURRENT US$Rnk 109 / 195 GDP GROWTH75.7%CURRENT US$Rnk 33 / 195
GDP$15.8BCURRENT US$Rnk 133 / 195 GDP GROWTH32.2%CURRENT US$Rnk 109 / 195 GDP PC $8,284CURRENT US$Rnk 94 / 195GDP PC GROWTH75.8%CURRENT US$Rnk 19 / 195GDP PC$2,067CURRENT US$Rnk 157 / 196GDP PC GROWTH14%CURRENT US$Rnk 123 / 195In N/A, Georgia did not export any services to Laos.
Laos-Georgia In N/A, Laos did not export any products to Georgia.
In N/A, Laos did not export any services to Georgia.
Comparison: In 2023, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). That same year, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B).
) to Laos () (2023)) to Georgia () (2023)This map shows whether countries import more from Georgia or Laos. Each country is colored based on the difference in imports they receive from Georgia and Laos or the difference in the growth in imports.
In 2023, countries that imported more from Georgia than Laos included Azerbaijan ($828M), Turkey ($733M), and Armenia ($712M).
In 2023, countries that imported more from Laos than Georgia included China ($3.41B), Thailand ($2.99B), and Australia ($367M).
) and Georgia () (2023)We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.
This visualization shows the product space at the HS4 level with the flags of Georgia and Laos. This means that a dot/product with the flag of Georgia indicates it has a comparative advantage over Laos. Similarly, a dot/product with the flag of Laos indicates it has a comparative advantage over Georgia.
) and Laos () (2023)
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