Friday, August 22, 2008

Georgia's economy

Last year, the World Bank called Georgia the world's "top economic reformer".

Foreign Direct Investment was 19.8% of Georgian GDP in 2007 (the highest rate in the world according to Richard Holbrooke) compared with 13.9% in 2006. In terms of raw amounts, FDI doubled every year.

In just three years, Georgia rose from 122nd to 18th — ahead of Germany — in the World Bank's "Doing Business" survey.

GDP grew an astounding 12.4% in 2007, one of the fastest rates in the world.

Just last month, Roy Southworth, World Bank country director for Georgia, praised Saakashvili's government for promoting growth, reducing poverty and fighting corruption.

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