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The DCFTA has been a cornerstone of economic relations between the EU and Georgia since 2014. In the same year, the German Economic Team started its activities in Georgia.

The Georgian economy is strongly oriented towards services, including an important tourism sector. However, there is also a small industrial sector and a large part of the labour force is still working in agriculture.

Georgia has experienced high growth rates in recent years, only temporarily interrupted by the COVID-19 pandemic. An attractive business environment makes Georgia an interesting option for foreign direct investment.

The focus of economic policy advice in Georgia is on foreign trade, agro-economics and macroeconomic issues.



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Economic Monitors

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  • Economic Monitor Georgia

    WA 17 | March 2023

    The Georgian economy grew by 10.1% in 2022, the second consecutive year of double-digit growth. An important factor was the high influx of people from Russia and Belarus, which drove consumption. As a result of this influx, tourism revenues and money transfers also rose strongly. Additionally, increased activity in the transport sector contributed to growth. Growth of around 4.0% is expected for 2023, with the influx of people from Russia and Belarus remaining a determining factor.

Policy Publications

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