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How dependent is Georgia on Russia economically?

HOW DEPENDENT In October 2015, the Georgian government started IS GEORGIA ON RUSSIA negotiations with Gazprom to create alternative ways to import gas, according to official sources. To see how dependent Georgia is on Russia economically, JumpStart researched and visualized various economic indicators. ECONOMICALLY 1 In 2006, Turkey replaced Russia as IMPORT Georgia's largest source of imported goods. 1997-2015 A In 2007, Russia imports continued to fall resulting in Azerbaijan becoming the second 25.00% highest importing country. 20.00% 15.00% 10.00% 5.00% 0.00% Turkey O Russia O Azerbaijan OUSA Azerbaijan has been Georgia's largest export destination since 2009. However, in recent EXPORT years, the share of exports to Azerbaijan has been decreasing. For the first time since 2006, 1997-2015 after the introduction of an economic embargo, 35.00% exports to Russia are increasing, but still only 30.00% account for half of all exports to Azerbaijan. 25.00% 20.00% 15.00% 10.00% 5.00% 0.00% Turkey Russia Azerbaijan Foreign Direct Investment (or FDI) is an investment GEORGIA'S FOREIGN made by a company or entity based in one country, DIRECT INVESTMENT into a company or entity based in another country. 2003-2015 Entities making direct investments typically have a significant degree of influence and control over the company into which the investment is made." 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% Turkey Russia IAzerbaijan * Foreign direct investments differ substantially from indirect investments such as portfolio flows, wherein overseas institutions invest in equities listed on a nation's stock exchange. Since 2013, over 90% of Georgia's gas GAS SUPPLY supply has come from Azerbaijan while Russia has been providing less than 10%. 2010-2015 0.6 0.7 0.8 0.3 0.3 0.3 9.1 9.9 8.3 15 14.7 14.2 84.5 84.6 85 90.6 89.9 91.3 2010 2011 2012 2013 2014 ... 2015 (6 months) <-.-.... <..-.. .... <-.....- (....... --.... w Georgia Russia Azerbaijan Georgia imports electricity from only one coutnry: Russia. However, Georgia creates over 94% of its own electricity so less than 6% of electricty comes ELECTRICITY SUPPLY 2010-2015 from Russia. 97 93 94 2010-2011 2013-2014 2015 (6 months) ......> -.......> ....> O Georgia O Russia Georgian power stations are able to generate ELECTRICITY enough electricity in May, June and July to export EXPORT electricity to other countries. Electricity exports to Russia have fallen by more than half since 2010. 2010-2015 12 14 28 53 78 58 33 22 2010-2011 2013-2014 2015 (6 months) <.......... <- Turkey 4 Russia Azerbaijan Armenia Source: National Statistics Office of Georgia http://www.investopedia.com/terms/f/fdi.asp JumpStarte -6002 2011- 2012

How dependent is Georgia on Russia economically?

shared by jsgeorgia on Nov 08
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In October 2015, the Georgian government started negotiations with Gazprom to create alternative ways to import gas, according to official sources. To see how dependent Georgia is on Russia economica...

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Ia Ninoshvili

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Economy
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