Georgia: Terms of trade adjustment (constant LCU)

Key figures

What the numbers say

In 2025, Georgia's terms of trade adjustment (constant LCU) rose 976.39 million on 2024 (from 1.51 billion to 2.49 billion).

Across the 14 yearly changes before that (2011 to 2024), the average change was +207.07 million and a typical year strayed about 574.85 million from that (the standard deviation). This year's change was 1.3 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 1.51 billion in 2024 and the biggest yearly fall was 578.26 million in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about 239.27 million a year. A straight line explains 53% of the movement over 10 observed years.

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

How it compares

In 2025, Georgia had the 59th highest value of the 128 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 2025 ranking

• Venezuela, RB — 56th of 128: 3.02 billion
• Netherlands — 57th of 128: 2.93 billion
• Luxembourg — 58th of 128: 2.91 billion
• Switzerland — 60th of 128: 2.32 billion
• Tunisia — 61st of 128: 2.22 billion
• Ecuador — 62nd of 128: 1.74 billion

What this measures

The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.

All 16 values

Terms of trade adjustment (constant LCU) in nearby economies

• Albania — 90.65 billion (2025)
• Armenia — -348.18 billion (2025)
• Austria — -7.2 billion (2025)
• Belarus — -4.07 billion (2025)
• Belgium — -20.53 billion (2025)
• Bosnia and Herzegovina — -180.02 million (2025)
• Bulgaria — -68.12 million (2025)
• Croatia — 259.43 million (2025)
• Cyprus — 85.17 million (2025)
• Czechia — 47.02 billion (2025)

More economic policy & debt data for Georgia

• GDP (current LCU) — 104.6 billion (2025)
• GDP (constant 2015 US$) — US$27.07 billion (2025)
• GDP (constant LCU) — 72.71 billion (2025)
• GDP per capita (current LCU) — 26,576 (2025)
• GDP per capita (constant 2015 US$) — US$6,877 (2025)
• GDP per capita (constant LCU) — 18,474 (2025)
• GDP (annual % growth) — 7.46% (2025)
• GDP per capita (annual % growth) — 4.1% (2025)
• Adjusted savings, education expenditure (% of GNI) — 1.76% (2021)
• Adjusted savings, mineral depletion (current US$) — US$184.49 million (2021)
• Adjusted savings, energy depletion (current US$)

Reading data like this

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Questions people ask

What is Georgia's terms of trade adjustment (constant LCU)?

2.49 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 2010?

It is up 279% from -1.39 billion in 2010. The highest value was 2.49 billion in 2025 and the lowest -2.02 billion in 2013.

How does Georgia rank?

59th highest of 128 economies with data for 2025.

Is the latest change in terms of trade adjustment (constant LCU) unusual for Georgia?

In 2025, Georgia's terms of trade adjustment (constant LCU) rose 976.39 million on 2024 (from 1.51 billion to 2.49 billion). Across the 14 yearly changes before that (2011 to 2024), the average change was +207.07 million and a typical year strayed about 574.85 million from that (the standard deviation). This year's change was 1.3 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 NY.TTF.GNFS.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) 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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