Page 15 - GEORptOct22

Challenges pointed out were the "increasing lack of confidence in the judiciary" and its efficiency, with "some business dispute cases languishing in the court system for years," the report said. Some investors complained about procedures on the municipal level, as well as shortcomings in enforcing intellectual property rights. Businesses have also complained about political meddling, selective enforcement of laws/regulations," the report noted.
3.0 Macro Economy
Georgia - Main Macro 2017 2018 2019 2020 Indicators
2021* Q1 2022
GDP real growth (y/y, %)
4.8 4.8 5.0 -6.8 10.4 14.9
GDP per capita (at current 4,358.5 4,722.0 4,696.2 4,255.7 5,015.3 1,249.9 prices), USD
GDP per capita (at current prices), GEL
10,933.9 11,968 13,239.4 13,234.1 16,154.1 3,891.6
GDP at current prices, (USD bn)
16.2 17.6 17.5 15.8 18.7 4.6
GDP at current prices, (GEL bn)
40.8 44.6 49.3 49.3 60.2 14.4
GDP deflator (y/y, %)
8.5 4.4 5.2 7.3 10.8 8.7
Source: Geostat
3.1 Macroeconomic overview
Georgia’s GDP growth rate rises to 10.3% in August
In Georgia, the real gross domestic product (GDP) growth rate in August amounted to 10.5% y/y, and 10.3% y/y in January-August.
According to a report released by the National Statistics Office of Georgia, estimated real growth in August compared to the same period in 2021 was observed in transportation and storage, construction, information and communication, hotels and restaurants, and trade. A decline was observed in manufacturing and real estate.
15 GEORGIA Country Report October 2022 www.intellinews.com