2023
Flag  
GDP
$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP GROWTH
75.7%CURRENT US$
Rnk 33 / 195
2023
Flag
 GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC 
$8,284CURRENT US$
Rnk 94 / 195
2013-2023
Flag
GDP PC GROWTH
75.8%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC
$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195

About

Georgia-Norway Trade: In 2023, Georgia exported $5.09M to Norway. The main products that Georgia exported to Norway were Knit T-shirts ($1.62M), Knit Women's Suits ($745k), and Ferroalloys ($508k). Over the past 5 years the exports of Georgia to Norway have increased at an annualized rate of 24.7%, from $1.69M in 2018 to $5.09M in 2023.

In 2023, Georgia did not export any services to Norway.

Norway-Georgia Trade: In 2023, Norway exported $18.8M to Georgia. The main products that Norway exported to Georgia were Non-fillet Frozen Fish ($7.15M), Non-fillet Fresh Fish ($4.83M), and Fish Fillets ($1.93M). Over the past 5 years the exports of Norway to Georgia have increased at an annualized rate of 19.3%,  from $7.77M in 2018 to $18.8M in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Latest Data

Trade between Georgia (Flag) and Norway (Flag)

Georgia Exports

Norway Exports

Market Competitiveness

Color
Georgia
Top Destination
Azerbaijan$828M
Norway
Top Destination
Germany$33.8B

This map shows whether countries import more from Georgia or Norway. Each country is colored based on the difference in imports they receive from Georgia and Norway or the difference in the growth in imports.

In 2023, countries that imported more from Georgia than Norway included Azerbaijan ($828M), Armenia ($712M), and Kyrgyzstan ($519M).

In 2023, countries that imported more from Norway than Georgia included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

Difference in imports from Norway (Flag) and Georgia (Flag) (2023)

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia Norway+$873kKnit T-shirts
Top Product Potential Norway Georgia+$718kNon-fillet Fresh Fish

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.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Georgia and Norway. This means that a dot/product with the flag of Georgia indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Georgia.

Product Space of Georgia (Flag) and Norway (Flag) (NaN)

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