Facts and figures
Georgia is a small, politically and economically well-organized country. It has all elements of a country at the brink of a long and successful economic development.
- Population: 3.7 m
- Main confession: Georgian-orthodox Christians (84%)
- Sovereign state with democratically elected government since 1991
- WTO-member, EU-association agreement
- Main export goods: copper ores and concentrates, manganese, ferroalloys, nuts, wine, mineral water
- Free trade agreements with the European Union, with the European Free Trade Association (Switzerland, Norway, Iceland, Liechtenstein), all CIS countries, China and Turkey; gradually free trade with the USA, Canada and Japan (GSP agreements)
- GDP per capita (PPP) 2015: 9’566 USD (2014: 9’209 USD)
- Public external debt/GDP 2015: 31.4%
- GDP real growth 2003 - 2015: 6% p.a.
- Current inflation rate: 6.1% y-y (May 2017)
- Foreign direct investments 2016: 1’298 m USD
- Taxation: personal income tax 20%, corporate profit tax 15%, corporate asset taxes <1%, VAT 18%
- Free industrial zones located at the Black Sea port of Poti and near the international airport of Kutaisi