Georgia Country Report Jun17 - H1, 2017

July 10, 2017

Georgia, the small South Caucasus country of 3.9mn, grew by 5% y/y in the first quarter of the year and 4.2% y/y in January-April. The Georgian economy mildly decelerated from 2.9% in 2015 to 2.7% in 2016. A small and outward-looking economy, it has been hit by the economic slowdowns experienced by Georgia's main trade partner countries - Azerbaijan, Turkey, Armenia and Russia. Nevertheless, Georgia has been doing well compared to its regional peers and is expected to remain the fastest growing economy in the South Caucasus this year.

Poised to grow by 3.5% y/y in 2017, the Georgian economy has attracted more foreign direct investment (FDI) in recent years compared to neighbouring countries thanks to higher overall GDP growth, business friendly policies, and the development of sectors like gas transit, real estate, transport and tourism.

In the last two weeks, Georgia has come under fire for sacrificing human rights for the sake of its commercial ties with Baku and Ankara. An Azerbaijani dissident living in Tbilisi was abducted and resurfaced in Baku the next day and a Georgian court decided to extradite a Turkish educator for alleged ties with an organisation that Ankara has outlawed as a terrorist organisation. In both cases, human rights activists claimed that the charges were trumped up and that the two men now faced torture and unfair trials in their countries of origin.

Proposals for radical constitutional amendments continue to divide society as consultation period approaches its end. Georgia's parliament has begun discussions on constitutional changes that would make fundamental changes to the distribution of executive powers in the state, according to Radio Free Europe/Radio Liberty.

To view this extensive report in full including details such as —

  • Macroeconomic Analysis
  • Politics Analysis
  • Industrial sectors and trade
  • FX, Financials and Capital Markets
  • And more!

For a one-off purchase click here

For an annual subscription click here

For a free sample click here

Related Reports

Iran Country Report Dec21 - December, 2021

The International Monetary Fund (IMF) in its latest World Economic Outlook published on October 13 has stuck with its forecast for a 2.5% expansion in Iran’s economic growth in 2021. The Fund also ... more

Georgia Country Report Dec21 - December, 2021

Georgia’s economy remained steady at 6.9% in October, at the same level as in September, according to the preliminary data released by the statistics office Geostat. For the first 10 months of the ... more

Ukraine Country Report Dec21 - December, 2021

1.0 Executive summary 2.0 Politics 2.1 UK Supreme Court hears Ukraine position on $3bn Yanukovych debt 2.2 Green bond scandal 2.3 Politics - misc 2.3 Polls & Sociology 3.0 Macro Economy 3.1 ... more

Dismiss