Economic growth in Georgia

Minister of Finance Nodar Khaduri stated that in January 2014, economic growth of the country was 8%. Some trust this figure, but others believe the current Georgian government is simply manipulating the figures.

Analysts mention that during Mikheil Saakashvili’s regime, the country’s economic achievements were the result of PR manipulation. When the rose administration came into power in 2003, GDP per capita was ranked 116th in the world, whereas when the United National Movement lost in the parliamentary elections in 2012 Georgia was 115.

Some analysts believe that there are conditions in Georgia for economic growth including political stability, fair parliamentary and presidential elections, and clearly defined economic policies and priorities. So, 2014 is a decisive year for the country’s economic development.