The higher education sector is one of the fastest-growing sectors in Georgia in terms of revenue. If the revenues of the whole sector were up to GEL 250 million in 2009, the same figure stood at GEL 690 million in 2019.
As of 2021, there are 55 universities in Georgia, most of which are privately owned, although most of the sector's revenues account for the state universities.
List Of State Universities by the Consolidated Budget for 2020:
1. Tbilisi State Medical University - GEL 165.7 million;
2. Ivane Javakhishvili Tbilisi State University - GEL 103.6 million;
3. Ilia State University - GEL 79.2 million;
4. Georgian Technical University - GEL 51.1 million;
5. Batumi Shota Rustaveli State University - GEL 22.3 million;
6. Akaki Tsereteli State University - GEL 20.9 million;
7. David Agmashenebeli Georgian National Defense Academy - GEL 16.3 million;
8. Tbilisi Apolon Kutateladze State Academy of Arts - GEL 6.3 million;
9. Vano Sarajishvili Tbilisi State Conservatory - GEL 5.6 million;
10. Iakob Gogebashvili Telavi State University - GEL 5.1 million;
11. Samtskhe-Javakheti State University - GEL 5 million;
12. Gori State Teaching University - GEL 4.8 million;
13. Shota Rustaveli Theater and Film State University of Georgia - GEL 4.7 million;
14. Shota Meskhia Zugdidi State Teaching University - GEL 2.3 million;
15. Teaching University Batumi State Maritime Academy - GEL 1.4 million.
List of Private Universities By The Revenue For 2020:
1. New Vision University - GEL 42 million;
2. University of Georgia - GEL 28.3 million;
3. Georgian National University SEU - GEL 18.2 million;
4. Caucasus University - GEL 17.5 million;
5. Tbilisi Free University - GEL 16.5 million;
6. Caucasus International University - GEL 15.8 million;
7. European Universities - GEL 12.9 million;
8. Davit Tvildiani Medical University - GEL 11.5 million;
9. GIPA - Institute of Public Affairs - GEL 11. 3 million;
10. Georgian-American Universities - GEL 8.5 million;
11. Petre Shotadze Tbilisi Medical Academy - GEL 7.6 million;
12. Grigol Robakidze University - GEL 7.5 million;
13. Teaching University "Geomedi" - GEL 6.5 million;
14. International Black Sea University - GEL 5.4 million;
15. University of Business and Technology - GEL 4.3 million.
