Georgia

As a bridge between Europe and Asia, the economy of Georgia is highly integrated with international markets. Georgia provides direct access to ~ 400 million market (with farther capacity of ~1 billion when DCFTA with EU is enforced). Location – Georgia is located in the Caucasus region and is a gateway between Europe and Asia

 

Market access - With a range of Free Trade Agreements, Georgia has access to a 900 million market that is not subject to customs tax, including the Turkey, CIS and EU countries.

 

Political Stability - The predictability of political and investment climate is ensured by the Association Agreement signed with European Union in 2014. Georgia’s political system boasts open democracy and has demonstrated effective transition of governments with a consistent commitment to economic liberalization and Euro-Atlantic integration.

 

Corruption free - Through anti-corruption legislation, effective law enforcement and free access to online registries the Georgian economy promotes transparency, reduces bureaucratic burden and has won the UN Public Service Award.

 

Labor availability - The average monthly salary in Georgia amounts to USD 465, which includes blue and white collar workers, as well as C-suite employees. The country has quite flexible Labor Code.

 

 

Georgia’s economic freedom score is 73.0, making its economy the 22nd freest in the 2015 Index. Its overall score has increased by 0.4 point since last year, primarily reflecting improvements in freedom from corruption, monetary freedom, and the management of government spending that outweigh a notable decline in labor freedom. Georgia is ranked 11th out of 43 countries in the Europe region, and its score is well above the regional average.

 

 

 

Georgian economy at a glance

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