This article needs to be updated. Please help update this article to reflect recent events or newly available information.(October 2021)
The economy of Abkhazia is heavily integrated with the economy of Russia and uses the Russian ruble as its currency.
Economy of the Republic of Abkhazia
Аԥсны Аҳәынҭқарра (Abkhaz)
Apsny Ahwyntqarra
Республика Абхазия (Russian)
Respublika Abkhaziya
Currency
Russian Ruble
Statistics
GDP
$439.6M (2020)
GDP per capita
$1,795 (2020)
All values, unless otherwise stated, are in US dollars.
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.
^Nikolaus von Twickel (26 August 2011). "No Clear Frontrunner as Abkhazia Goes to Poll". The Moscow Times.
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