Georgia has implemented far-reaching reforms over the past decade, which have helped it navigate the dual shocks.
Georgia’s economy grew by 2.7% in 2016, driven by construction and other non-tradables. Net exports declined mainly because of the slow adjustment of imports and continued decline in exports. Growth was supported primarily by investment that exceeded 30% of GDP in 2016. Meanwhile, tourism-related services performed well, as tourist arrivals from abroad increased significantly.
The project's objective is to empower citizens through social accountability interventions, to improve the delivery of and resource allocation of pre-school education services in targeted municipalities of Georgia.
Georgia’s economy grew by 2.7 percent in 2016, driven by construction and other non-tradables. In 2017 growth is projected to recover moderately at 3.5 percent, led by external demand and public investment. As a result, the fiscal deficit will remain elevated at 4.1 percent of GDP, unchanged from 2016. Poverty is expected to decline modestly in 2017 as economic growth recovers and translates into higher labor income. Read more...