GEORGIA

Country risk rating

D4

HIGH RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD 16.2bn (World ranking 120, World Bank 2018)
Population 3.73mn (World ranking 130, World Bank 2018)
Form of state Republic
Head of government Mamuka BAKHTADZE (Prime Minister)
Next elections 2020, legislative
  • Good relations with the IMF, the World Bank and the EU, including financial support
  • Rich in mineral resources and high potential in hydroelectric, agriculture and tourism sectors
  • Eight consecutive years of moderate fiscal deficits
  • Regional geopolitical tensions – including own tensions with Russia over the breakaway regions South Ossetia and Abkhazia
  • Domestic political instability and potential for social unrest
  • Poor protection of intellectual property rights
  • Small economy with low level of diversification, making if sensitive to regional economic shocks
  • Persistently large current account deficits
  • Very high level of external debt
  • Exchange rate vulnerability

Contact

Contact Euler Hermes

Economic Research Team

research@eulerhermes.com

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