Georgia's revenues from international transport operations shrinking
Given the geographic location of Georgia, its
international transport function is of great importance, and potentially a
country can receive substantial revenues from it.
However, since 2015 Georgia
spends more on transport operations than it receives from them, in other words,
the country has a negative balance in international transport services.
In 2010, this balance was
positive and amounted to $ 141 million. Since 2011 it began to decline and in 2015 became negative.
As early as 2016, expenditures exceeded revenues by $ 40 million, in
January-September - by $ 77 million.
The biggest drop in revenues
was recorded in railway transport - until 2012 its profit grew, since 2013
began to fall. In 2016 the loss of the Georgian Railway amounted to $ 2
million, in January-September 2017 - $ 38 million.
Georgia receives stable
revenue from the operation of pipelines - an average of $ 300 million.
A positive trend is also
observed in air transport - the positive balance in this sector was $ 26
million in 3 quarters of 2017, while in the same period of 2016 the balance was
negative and amounted to $ 11 million.