Page 20 - bne IntelliNews George country report Sept 2017

4.3 Fixed investment
Georgia -Fixed capital investment 2011 2012 2013 2014 2015 2016
Gross fixed investment capital formation (local currency)
6,368.00 7,575.39 6,652.91 8,688.85 10,004.33 10,999.8
Gross fixed capital formation (% of GDP)
22.49% 24.83% 21.95% 25.85% 28.44% 30.40%
Source: CEIC
Georgia loan recipients get over €100mn from IFIs for infrastructure, private sector
FMO, the Dutch development bank, and the German Investment and Development Corporation (DEG) are to lend €65mn to Georgia's state-owned water company, agenda.ge reported on August 16 following a signing ceremony between the state-owned company and the development lenders.
Georgia Water & Power (GWP) supplies water to the residents of the Georgian capital of Tbilisi, treats wastewater and generates hydropower at two plants - Zhinvali and Tetrikhevi.
GWP also signed an agreement with the World Bank's private-sector arm, the International Finance Corporation (IFC), to enhance its water efficiency, overall environmental performance and competitiveness.
In a separate report, agenda.ge said that another World Bank affiliate, the International Bank for Reconstruction and Development (IBRD), signed an agreement with the Georgian government for a €44.6mn line of credit to support the country's business-oriented reforms and the competitiveness of the private sector.
4.4 Labour and income
4.4.1 Unemployment, income dynamics
Unemployment at 12% in 2016
Unemployment is an important challenge for Georgia, where 11.8% of the population was unemployed at the end of 2016. Of those who were employed, 57.5% were self-employed, many believed to be working in agriculture and to experience underemployment as a result.
Georgia’s monthly average gross salary rose by 5.4% y/y to GEL1,065.92 at end-2016. The monthly average salary stood at GEL989.40 in the first quarter of this year, up 8.4% y/y.
20 GEORGIA Country Report September 2017 www.intellinews.com