3. Stable Macroeconomic Environment

Consistent macroeconomic policies, burst of entrepreneurial activity, growth in domestic consumption, rehabilitation of infrastructure and export growth are producing strong economic growth.

• Real GDP growth in 2008 was 2.1% while in 2005 and 2006 it was nearly 10%, and over 12% in 2007.
• Georgia has proved to be highly resilient to external shocks (for example, energy and commodity prices, Russian embargo, Russian-Georgian conflict, global financial & economic crisis).

 Source: Department for Statistics of the Ministry of Economic Development of Georgia