Georgia Statistical Report 2023

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Georgia is a presidential republic with a unicameral parliament, the Supreme Council (Umaghlesi Sabcho). 

In June 2014, Georgia took an important step towards eventual EU membership with the signature of a formal association agreement, which entered into force in 2016. This provides for Georgia to enter into a DCFTA (Deep and Comprehensive Free Trade Area) in order to integrate its economy into the EU’s internal market, with the goal of eventual full EU membership. Association agreements with Georgia and Ukraine were signed at the same time. 

Under the DCFTA process, with EU support, Georgia will undertake work on domestic reforms in areas such as the judicial system and anti-corruption measures. The process also requires Georgian banks to adopt EU standards of governance, but in this respect, Georgia has already made significant strides. 

Bank of Georgia and TBC Bank, the two biggest banks, are listed on the London stock exchange (Bank of Georgia since February 2012 and TBC following its IPO in June 2014) and comply fully with EU regulations. 

Another advantage possessed by Georgia in its alignment with the EU is its relatively open economy under government’s long-standing espousal of free market principles. 

In terms of digital banking and payment usage, Georgia lags behind other countries in the Eurasian region, due to sparse telecom infrastructure. However, the influence of foreign banking groups who have ownership stakes in several Georgian banks is helping the sector to modernise and digitise many banking processes. An interesting anomaly is that Georgian consumers are prolific users of contactless payments, which comprise over 90% of in-store payments. 

At the same time, the National Bank of Georgia is proactively developing regulations to harmonise and standardise payment service provision, including Open Banking to encourage financial inclusion. The NBG is also exploring the use of a central bank digital currency and has engaged with multiple entities to study how this might be implemented. 

Mobile banking transactions have overtaken internet banking transactions in number, and it’s likely that mobile 


 UPDATED: tables with card business data 2016-2020; growth rates: Y-o-Y, CAGR
 Population, Cards per Capita, Card Value per Capita
 Debit Cards, Credit/Delayed Debit Cards, Total Cards
 Card payments by number and by value, ATV per card, payments per card/year
 ATMs, POS terminals, ATMs/POS terminals per 1 million capita
 ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month
 POS payments by number/by value, ATV per POS payment, TXs per POS/month
 Internet Use, e-payment mix, B2C e-Commerce by value and growth rate
 Issued Card brands by individual major issuer bank
 Accepted card brands by individual major acquirer
 Drill down into the debit card use and credit cards use details 


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Version 1.1 - last updated 03/01/23