Country Sheet : Georgia

Information file

Last Update on 30th December 2024

GEORGIA

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In English - version of 30th December 2024

Geography

Area : 69,700 km²

Borders : 1,814 km of land borders (Armenia: 219 km, Azerbaijan: 428 km, Russia: 894 km, Turkey: 273 km)

Coastline : 310 km

Capital : Tbilissi

Official language : Georgian

Source : The CIA World Factbook

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Population

Population : 3,760,365 (2023)

Crude natural change rate : -0,7‰ (2023)

Population repartition: 20.7% under 15, 15.6% over 65 (2023)

Crude net migration rate: -10.6‰ (2023)

Life expectancy: men 66.8 years, women 76.5 years (2022)

Religions: Eastern Orthodox Christian (official) 83.4%, Muslim 10.7%, Armenian Apostolic Christian 2.9%, other 1.2% (includes Roman Catholic Christian, Jehovah’s Witness, Yazidi, Protestant Christian, Jewish), none 0.5%, unspecified/no answer 1.2% (2014 est.)

Ethnic groups: Georgian 86.8%, Azeri 6.3%, Armenian 4.5%, other 2.3% (includes Russian, Ossetian, Yazidi, Ukrainian, Kist, Greek) (2014 est.)

Source : National Statistics Office of Georgia, CIA World Factbook, Eurostat

Economy

Currency: Georgian Lari (GEL) (exchange rate in December 2024: 1€ = 2.88 GEL)

GDP: € 28.233 billion (2023)

GDP per capita (PPS): € 7,556 (2023)

GDP growth : 7.5% (2023)

Inflation: 0.3% (October 2024)

Public debt: 39.23% of GDP (October 2024)

Unemployment: 13.8% (September 2024)

Public deficit: -2.35% of GDP (2023)

Stock of foreign direct investment from the entire world: 6% of GDP (2023)

Source : National Statistics Office of Georgia (GEOSTAT), IMF World Economic Outlook, Trading Economics

Political system

Republic, parliamentary democracy

Head of State Mikhaïl Kavelachvili (Georgia Dream), took office on December 29th, 2024 for a 5-year term.

Prime Minister Irakli Kobakhidze (Georgia Dream), appointed on 8th February 2024

Unicameral parliamentary system The Parliament of Georgia (Sakartvelos Parlamenti) comprises 150 seats; the members of Parliament are elected for a 4 year-term by universal suffrage according to a mixed system.

Political representation

Composition of the Parliament of Georgia (since October 2024):

89 seats Georgian Dream - Democratic Georgia (populist)
19 seats CfC (Coalition for Change, coalition Ahali, Girchi, Droa and Republican Party, liberal and pro-European)
16 seats U-NM (Unity - National Movement, coalition United National Movement, Aghmashenebeli Strategy and European Georgia, liberal and pro-European)
14 seats A Strong Georgia (coalition of Lelo, Pour le peuple and Les Citoyens, social-democrat/centre-left)
12 seats For Georgia

Relations with the EU

Signing of a deep and comprehensive free trade agreement in June 2014. In March 2022, Georgia applied for EU membership. In June 2022, the Commission, supported by the European Council, made candidate status conditional on a response to 12 priorities.
In November 2023, the Commission considers that Georgia has adequately addressed these priorities. On December 14 2023, European Council grants Georgia EU candidate status.
Following the parliamentary elections in October 2024, the government decides to suspend negotiations with the EU until the end of 2028.