Economy Annex
Key Drivers of Economic Growth
Regional
Hub
Financial
Services
Libertarian
Economy
Export
Growth
Lobko
BANK OF GEORGIA
www.bog.ge/ir
FDIS
Increased importance of Georgia as
regional transportation and logistics
hub with geopolitically important
location for cross country trade and
energy transit.
Export CAGR of 17% from 2003 to
2009; 33% y-o-y increase in 1H 2010.
Net electricity exporter since 2007.
FDI averaging at 16% of GDP during
past three years, with cumulative FDI
(2004-2009) in country reaching
60.5% of GDP as of YE 2009.
Rapidly developing Financial sector
with demonstrated resilience to crises
(conservative regulation; No
government bailouts) with high capital
base to support the growth.
October 2010
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