Lewes, DE -- (SBWIRE) -- 06/26/2018 -- As per International Monetary Fund (IMF) Georgia's nominal gross domestic product is expected to grow at a CAGR of 7.68% from it's 2015 level of GEL 31.756 billion and reach GEL 53.304 billion by 2022.

Over the past decade, Georgia's economy has grown at an average annual rate of 5%. This was in spite of numerous shocks, including the global financial crisis of 2007–08, the conflict with Russia in 2008, and the regional headwinds of 2014. Economic growth is projected to increase to an average rate of 4.5% a year over the medium term, but downside risks to growth remain.

Georgia had estimated population of 3.701 million in the year 2016 and expected to reach 3.678 million by 2022, declining at a CAGR of 0.16%.

Georgia's real gross domestic product (GDP) was around GEL 14.498 billions in 2016 whereas the nominal GDP was GEL 33.664 billions. This resulted in GDP deflator 232.205. Per capita GDP was estimated at USD 3842.43 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 10043.77.

In 2016, Georgia government's revenue was GEL 9.623 billions whereas the expenditure was GEL 10.168 billions. This resulted Georgia government's net lending / borrowing negative at GEL 0.545 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.

The current account balance for Georgia was estimated to be negative at USD 1.764 billions for the year 2016 and is expected to decline at a CAGR of 1.61% and reach USD 1.879 by 2022. This negative current account balance indicates the Georgia is a net borrower from the whole world.

Scope of the Georgia PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Georgia.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Georgia.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Georgia.
- These reports provide risk analysis for Georgia.

For more information and to purchase Georgia PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/georgia-pestel-analysis-market-research-report

For more information and to purchase Georgia SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/georgia-swot-analysis-market-research-report

For more information and to purchase Georgia Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/georgia-risk-analysis-market-research-report

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