KNOWLEDGE BANK

During last two decades, Georgia has undergone though a remarkable period of economic transformation led by major institutional and structural reforms. The reforms succeeded in building smart and low regulations, business friendly tax system, private sector driven and corruptionfree country. With the achieved success Government of Georgia initiated new economic program – “Four Point Reform Plan”. The Plan embarks on four strategic directions: 1. Education Reform - supporting skills development through education reform targeted at bridging the gap between skills demand and supply.

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The average monthly salary in Georgia was 940 GEL (about $379.34/€324.26*) in 2016, shows the latest data published by the National Statistics Office of Georgia (Geostat). Last year, Georgia’s top three highest-paying occupations were in the fields of financial intermediation (1,834.9 GEL), public administration (1,326.8 GEL) and construction 1,283.3 GEL. Last year the average monthly salary per other sectors was:...Meanwhile, men earned almost 386 GEL more than women each month, the figures show.

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In 2016, the number of active workers in Georgia was 1,998,325, out of which 1,763,265 were employed, and the number of unemployed was 235,060. 42.3% were employed by employers, 57.3% - self-employed (0.4% status is unclear). Unemployment rate was 11.8% in 2016. The employment structure according to the status is as follows:... Status data by sex is as follows (thousand people):... Data by regions is as follows (thousand people):...In 2016, 262,200 people worked in the state sector (14.9%) and 1,501,100 people (85.1%) were employed in the non-state sector.

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The table below shows the business entity destribution in Georgia by ownership type. Based on the data of September 1, 2017, there are 664,057 registered business entities in Georgia, out of which only 173,629 are active. The economic unit is active if it meets one of the following criterias: Turnover …

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Global Competitiveness Index of World Economic Forum defines the competition environment of 138 countries and the driving sources of their productivity and well-being. Index is prepared on the basis of 3 index (and 12 indicators) analysis. They are: Key factors: Institutions, infrastructure, macroeconomic environment, healthcase and primary education Efficiency enhancing …

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Georgia has dramatically simplified licensing and permitting requirements to ease constraints on business. The  total number  of  licenses  and  permits was reduced by 84% in reforms that eliminated 756 licenses and permits and streamlined procedures. Currently, licenses and permits are only used for the production of highly risky goods and services, along with usage …

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The EU and Georgia signed an Association Agreement on 27 June 2014. It has entered into force since 1 July 2016. The agreement introduces a preferential trade regime – the Deep and Comprehensive Free Trade Area (DCFTA). This regime increases market access between the EU and Georgia based on having better-matched regulations. Government …

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The population of Georgia (except for residents living in the occupied territories) is 3,718,200 people by January 1, 2017. 57.2% of the population (2,128,600) live in urban settlement and 42.8% (1,589,600) in rural settlement. The number of male is 1,781,500 (47.9% of the population), while female - 1,936,700 (52.1% of the population).The share of young people (0-14 age group) constitutes 19.5% of the total population, and the share of working-age population (age group of 15-64 years) is 66.1%.

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Due to results of survey carried out by National Statistics Office of Georgia 211 economic facilities occupied by organizing markets and fairs were functioning in Georgia in 2016, 29,4% of which are placed in Tbilisi, 21,8% - in Imereti, 12,3 % - in Samegrelo-Zemo Svaneti region, 11,4% - in Kakheti region, 8,1% - in Kvemo Kartli, 5,2% - in Adjara, 4,3% - in Shida Kartli, 2,8% - in Samtskhe-Javakheti, 1,9% - in Guria, 1,9% - in Mtskheta-Mtianeti and 0,9% - in Racha-Lechkhumi and Kvemo Svaneti regions.

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The EU and Georgia signed an Association Agreement on 27 June 2014. It has entered into force since 1 July 2016. The agreement introduces a preferential trade regime – the Deep and Comprehensive Free Trade Area (DCFTA). This regime increases market access between the EU and Georgia based on having better-matched regulations. Trade …

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