Macroeconomic Overview of Georgian Economy
The Free Trade Agreement with the EU, which came into force September 1, 2014, set a clear roadmap for the country to further streamline and harmonize economic policy towards European standards. Given occurrence and the recent trend of upbeat economic data are laying the groundwork for further economic growth.
Following trends and numbers support the forecast that economic growth will be stable and sustainable in foreseeable future:
Key Macroeconomic Indicators (2014)
|GDP (Billion USD)||
|GDP Per Capita (USD)||7 165||7774||17 139|
|Real GDP Growth||3.2 %||3.4 %||5.8 %|
|Inflation Rate||4.8 %||5.8 %||5.4 %|