Economy of Abkhazia

The economy of Abkhazia is heavily integrated with the economy of Russia and uses the Russian ruble as its currency. 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. 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. The Republic of Abkhazia got seen for a long time as capitalist. Since some years the economic system of the Republic of Abkhazia is seen by some as oligarchic capitalism.