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Georgia

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.

Publications

Newsletters

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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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Sebastian Staske

Project Manager Georgia

Sebastian Staske has been working for Berlin Economics since 2020 and is the country coordinator responsible for the German Economic Team’s advisory activities in Georgia.

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About the German Economic Team

The German Economic Team is financed by the Federal Ministry for Economic Affairs and Climate Action. Berlin Economics is commissioned with the project implementation.

*Advisory activities in Belarus have been suspended.