• Document: Georgian Economic Outlook 2014 First Quarter May 2014, Tbilisi First Quarter Georgian Economic Outlook 2014 May 2014 This Report was published with the financial support of the Think Tank...
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Georgian Economic Outlook 2014 First Quarter May 2014, Tbilisi First Quarter Georgian Economic Outlook 2014 May 2014 This Report was published with the financial support of the Think Tank Fund of the Open Society Foundations Copyright © 2013 Economic Policy Research Center (EPRC). All rights reserved. Table of Contents Key Findings........................................................................................................................................................................................... 6 Economic growth in the country.................................................................................................................................................... 7 Consumer Price Index.......................................................................................................................................................................10 External Sector....................................................................................................................................................................................12 Foreign Direct Investments......................................................................................................................................................12 Remittances...................................................................................................................................................................................13 Trade................................................................................................................................................................................................15 Employment.........................................................................................................................................................................................19 Conclusion and recommendations.............................................................................................................................................22 Figure 1: Doing Business Ranking vs real GDP growth. Source: Deutsche Bank Research........................................ 8 Figure 2: GDP real growth (%) Source: www.geostat.ge, www.EBRD.com...................................................................... 9 Figure 3: GDP at current prices (million USD). Source: www.geostat.ge.......................................................................... 9 Figure 4: FAO Food Prices Index. Source: www.fao.org........................................................................................................10 Figure 5: Inflation (%). Source: www.geostat.ge.....................................................................................................................11 Figure 6: FDI (million USD). Source: www.geostat.ge...........................................................................................................12 Figure 7: FDI by Economic Sector (Thousand FDI). Source: www.geostat.ge..............................................................13 Figure 8: FDI by major investor countries in 2013. Source: www.geostat.ge...............................................................13 Figure 9: Remittance inflow (million USD). Source: www.geostat.ge..............................................................................14 Figure 10: Remittances by country. Source: www.nbg.ge...................................................................................................14 Figure 11: Import balance (million USD). Source: www.geostat.ge.................................................................................15 Figure 12: Export vs Import (million USD). Source: www.geostat.ge..............................................................................16 Figure 13: Export by country (thousand USD). Source: www.geostat.ge......................................................................16 Figure 14: Export of mineral waters and wine (thousand USD). Source: www.geostat.ge......................................17 Figure 15: Imports by country (thousand USD). Source: www.geostat.ge....................................................................17 Figure 16: Imports by major commodities (million USD). Source: www.geostat.ge..................................................18 Figure 17: Unemployment Rate. Source: www.geostat.ge and www.CIA.com...........................................................20 Figure 18: Distribution of employed (%). Source: www.geostat.ge.................................................................................20 Figure 19: Number of employed in the business sector. Source: www.geostat.ge....................................................21 Figure 20: Employed in the business sector by economic activity. Source: www.geostat.ge................................21 Georgian Economic Outlook 2014 . 5 Key F

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