Economic Growth Overview of Georgia

Economic Growth Overview of Georgia

Tbilisi. The Institute for Development of Freedom of Information (IDFI) publishes a blog post about the Economic Growth Overview of Georgia for 20201.

“In 2021, the Georgian economy surpassed the 2019 level by 3%, despite significant growth in foreign debt and high inflation. In 2020, the Covid-19 Pandemic had a negative impact on economic growth, in Georgia and in other countries. Despite the -6.8% decline in 2020, GDP increased by 3% in 2021 compared to 2019. External debt Increased by GEL 10.5 billion (+ 50%) in the last two years. Total inflation exceeded 15% in the same period. Georgia's economy is expected to grow by 6% in 2022[1]. This does not significantly exceed the US (5.2%) and EU (4.2%) averages”.

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Source: idfi.ge

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