Economy of Abkhazia
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The economy of Abkhazia is heavily integrated with the economy of Russia and uses the Russian ruble as its currency.
Quick Facts Currency, Statistics ...
Currency | Russian Ruble |
---|---|
Statistics | |
GDP | $439.6M (2020) |
GDP per capita | $1,795 (2020) |
All values, unless otherwise stated, are in US dollars. |
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This article needs to be updated. (October 2021) |
Abkhazia has experienced a modest economic upswing since the 2008 South Ossetia war and Russia's subsequent recognition of Abkhazia's independence. In 2011, about half of Abkhazia's state budget was financed with aid money from Russia.[1] In 2021 43.6% of Abkhazia's state budget was financed by aid money from Russia, while 56.4% of the budget came from local income.