Market Research In Georgia

Georgia Profile:

  • Georgia is a country in the Caucasus region of Eurasia and is divided into 9 regions, 1 city, and 2 autonomous republics.
  • Georgia is a member of the United Nations, the Council of Europe, and the GUAM Organization for Democracy and Economic Development.
  • Construction of the Baku-T’bilisi-Ceyhan oil pipeline, the South Caucasus gas pipeline, and the Kars-Akhalkalaki railroad are part of a strategy to capitalize on Georgia’s strategic location between Europe and Asia and develop its role as a transit hub for gas, oil, and other goods.
  • The government has received high marks from the World Bank for improvements in business transparency.
  • Georgia plans to improve the domestic investment environment through a four-year economic plan targeting the tax system, educational standards, infrastructure, and governance

Georgia Economy:

  • Georgia’s main economic activities include cultivation of agricultural products such as grapes, citrus fruits, and hazelnuts; mining of manganese, copper, and gold; and producing alcoholic and non-alcoholic beverages, metals, machinery, and chemicals in small-scale industries.
  • Georgia’s economy sustained GDP growth of more than 10% in 2006-07, slowed in August 2008 conflict with Russia, and sunk to negative 4% in 2009 as foreign direct investment and workers’ remittances declined in the wake of the global financial crisis.
  • The economy rebounded in the period 2010-16, but FDI inflows, the engine of Georgian economic growth prior to the 2008 conflict, have not recovered fully.
  • The country is pinning its hopes for renewed growth on a continued effort to liberalize the economy by reducing regulation, taxes, and corruption in order to attract foreign investment, with a focus on hydropower, agriculture, tourism, and textiles production.
  • Georgia is seeking to expand trade with China, concluding substantive negotiations on a trade agreement in October 2016

Georgia Facts:

  • Population: 4.9 million
  • Capital: Tbilisi
  • Largest city: Tbilisi
  • Area: 69,700 sq km
  • Major language: Georgian (official) 87.6%, Azeri 6.2%, Armenian 3.9%, Russian 1.2%, other 1%
  • Major religion: Orthodox (official) 83.4%, Muslim 10.7%, Armenian Apostolic 2.9%, other 1.2%
  • Life expectancy: 72.3 years (Male), 80.7 years (Female)
  • Monetary unit: 1 Lari(GEL) = 100 tetri
  • Main exports: Vehicles, Ferro-alloys, fertilizers, nuts, scrap metal, gold, copper ores
  • GNI per Capita: $9,530

Our Market Research Services in Georgia:

We Employ A Wide Range of Research Techniques in Georgia:

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