Georgia and Armenia continue to strengthen their economic ties, as reflected in the visit of Georgia’s Minister of Economy and her deputies to Yerevan for meetings with senior Armenian officials. While Armenian foreign direct investment (FDI) in Georgia remains relatively modest, the two countries maintain strong links in trade, tourism, and remittances. Armenian FDI reached a record $23.6 million in 2024 and totaled $16 million in the first nine months of 2025.
Remittances between the two countries have fluctuated in recent years. Transfers from Armenia to Georgia peaked at $54.2 million in 2022, but dropped to $12.8 million in 2025, while remittances from Georgia to Armenia fell to $9.9 million. Despite these declines, Armenia remains an important financial partner, reflecting strong labor mobility and economic interdependence.
Trade remains the central pillar of bilateral relations. Armenia is one of Georgia’s top trading partners, ranking ninth in 2025 with a 2.2% share of Georgia’s total trade. Exports to Armenia fell 10.5% to $552.9 million in 2025, largely due to a sharp decline in the re-export of used cars—historically the main export category. Georgia’s top five export products to Armenia include passenger vehicles, ethyl alcohol, petroleum products, heavy machinery, and soft drinks. Imports from Armenia also dipped slightly to $234.7 million, dominated by copper ores, glass bottles, tobacco products, and precious metal ores.
Tourism remains another strong point of cooperation. Armenia consistently ranks among the top three source countries for visitors to Georgia, following Russia and Turkey. In 2025, 948,242 visits were recorded from Armenia, only a slight decrease from the previous year, highlighting the importance of people-to-people ties in the overall economic partnership.
