Asian Development Bank and Georgia: Fact Sheet
Asian Development Bank | June 2010
Abstract
Updated yearly, this ADB Fact Sheet provides social and economic indicators on Georgia as well as concise information on ADB's operations in the country and contact information. Georgia is a small open economy strategically located at the crossroads of Europe and Asia and is an important nodal point for regional trade flows. In recent years, the Government of Georgia has successfully implemented deep and far-reaching economic reforms, including in the areas of anticorruption, social welfare, business environment, and fiscal management. As a result of improved competitiveness and of an extensive privatization program, cumulative net Foreign Direct Investment (FDI) (2004–2010) as percent of gross domestic product (GDP) is forecasted at about 62%, with FDI reaching almost all sectors of the economy. In 2004–2009, GDP grew at 5.9% on average, generating an increase of about 32.3% in real GDP.
Citation
Asian Development Bank. 2010. Asian Development Bank and Georgia: Fact Sheet. © Asian Development Bank. http://hdl.handle.net/11540/5723.Keywords
Trade Facilitation
Trade
Economic integration
Regional Economic Integration
Free Trade
Trade Agreements
Trade Policy
Economic Development
Economics
International Economics
Intraregional Trade
Economic planning
Economic structure
Growth policy
Trade relations
Trade policy
Trade policy
Economic development
Regional economics
Economic forecasting
Economic development projects
Success in business
Business
Free trade
Business
Economics
Show allCollapse