Georgia: High-technology exports (current US$)

Key figures

What the numbers say

In 2024, Georgia's high-technology exports (current US$) rose 98.4% on 2023 (from US$19.25 million to US$38.19 million).

Across the 14 yearly changes before that (2010 to 2023), the average change was +10.6% and a typical year strayed about 46.7% from that (the standard deviation). This year's change was 1.9 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 125.6% in 2022 and the biggest yearly fall was 52.3% in 2016. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 5% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Georgia had the 85th highest value of the 120 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Georgia in the 2024 ranking

• Bolivia — 81st of 120: US$51.18 million
• Nigeria — 82nd of 120: US$50.08 million
• Senegal — 83rd of 120: US$42.78 million
• Azerbaijan — 85th of 120: US$37.07 million
• Montenegro — 86th of 120: US$33.52 million
• Albania — 87th of 120: US$33.08 million

What this measures

High-technology exports are products with high R&D intensity, such as aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery.

Limitations: The indicator is based on data reported by countries to COMTRADE. The export values presented in the World Development Indicators represent Gross Exports less Re-Exports. The values may be impacted in cases of reporting errors or missing data, for example if countries do not report Re-Exports for one or more periods.

Regional and income-group figures are computed by the World Bank as a sum.

All 16 values

High-technology exports (current US$) in nearby economies

• Albania — US$33.08 million (2024)
• Andorra — US$51.38 million (2023)
• Armenia — US$892.56 million (2024)
• Austria — US$30.09 billion (2024)
• Azerbaijan — US$37.07 million (2024)
• Belarus — US$922.2 million (2021)
• Belgium — US$51.33 billion (2024)
• Bosnia and Herzegovina — US$406.64 million (2024)
• Bulgaria — US$3.35 billion (2024)
• Croatia — US$1.92 billion (2024)

More infrastructure data for Georgia

• Mobile cellular subscriptions — 6.14 million (2024)
• Mobile cellular subscriptions (per 100 people) — 161.2 (2024)
• Fixed telephone subscriptions — 258,038 (2024)
• Fixed telephone subscriptions (per 100 people) — 6.78 (2024)
• Medium and high-tech exports (% manufactured exports) — 26.89% (2024)
• Patent applications, nonresidents — 95 (2024)
• Patent applications, residents — 94 (2024)
• Individuals using the Internet (% of population) — 83.8% (2024)
• Air transport, registered carrier departures worldwide — 2,835 (2023)
• Air transport, freight (million ton-km)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Georgia's high-technology exports (current US$)?

US$38.19 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2009?

It is up 157.76% from US$14.81 million in 2009 (6.52% a year on average, compounded). The highest value was US$38.19 million in 2024 and the lowest US$12.15 million in 2011.

How does Georgia rank?

85th highest of 120 economies with data for 2024.

Is the latest change in high-technology exports (current US$) unusual for Georgia?

In 2024, Georgia's high-technology exports (current US$) rose 98.4% on 2023 (from US$19.25 million to US$38.19 million). Across the 14 yearly changes before that (2010 to 2023), the average change was +10.6% and a typical year strayed about 46.7% from that (the standard deviation). This year's change was 1.9 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator TX.VAL.TECH.CD, licensed CC BY 4.0. Original source: Comtrade database, United Nations (UN), uri: comtrade.un.org, publisher: UN Statistics Division; World Integrated Trade Solution system (WITS), World Bank (WB), uri: https://wits.worldbank.org/ Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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