Country Sheet : Georgia

Information file

Last Update on July 3rd 2024

GEORGIA

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In English - version of July 3rd 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 : 4,900,961 (2024)

Crude natural change rate : -5,7‰ (2023 est.)

Crude net migration rate: -3.8‰ (2024 est.)

Life expectancy: men 68.7 years, women 77.2 years (2024 est.)

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 : CIA World Factbook

Economy

Currency: Georgian Lari (GEL) (exchange rate in July 2024: 1€ = 3.01 GEL)

GDP: $ 7.7 billion (2023 est.)

GDP per capita (PPS): $ 8,218.8 (2023)

GDP growth : 7.5% (2023)

Inflation: 2.2% (2023)

Public debt: 39.8% of GDP (December 2023)

Unemployment: 16.4% (Q1 2024)

Public deficit: -3% of GDP (December 2022)

Stock of foreign direct investment from the entire world: $ 1,388.2 million (2023 est.)

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

Political system

Republic, parliamentary democracy

Head of State Salome Zourabichvili (Independent), took office on December 16th, 2018 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 (in December 2023)

76 seats Georgian Dream
20 seats Strength in Unity
9 seats People’s Power
5 seats For Georgia
5 seats Group of Reforms
4 seats Girchi
4 seats European Socialists
2 seats Lelo
2 seats Citizens
2 seats Euro-optimists
2 seats Freedom
1 seat Law and Justice
1 seat National Democratic Party
1 seat State for the People
6 seats Independent
10 seats vacant

EU-Georgia relations

June 2014 : Association Agreement and Deep and Comprehensive Free Trade Area (DCFTA). In March 2022, Georgia submitted its EU membership application. In June 2022, the Commission, endorsed by the European Council, outlined 12 priorities. In November 2023, the Commission deemed that Georgia responded adequately to these priorities. On 14th December 2023, the European Council granted EU candidate status to Georgia.