Sociological surveys conducted recently in Georgia show that the population is worried about social and economic problems, Specifically: unemployment, poverty and inflation (increase in prices), That's why we often hear the questions: " when are we going to Live happily?", " when are the jobs going to appear? ", “when are we going to be rich? ", these questions have one common answer - When Georgia's economy will be at least 3 times bigger than today.
It also should be noted that rich countries have luxury and are no longer focused on achieving high economic growth rates and put more effort to distribute revenue and that's exactly what they do. If we look into the stats Gross domestic product was 34028.5 in 2016 and in 2017 it was 38042.2 so it can be said that GDP has increased by 4013.7(numbers are in million gel), and GDP per capita is the most important thing (at current prices), USD also increased and it was 3864.6 in 2016 and 4078.5.
The greater the economy of the country, the more difficult it is to achieve a high growth rate. For example, German economy is 3.8 trillion dollars. If Germany's economy grow by 1.6 billion dollars, the economic growth rate will be 0.04%, when the 1.6 billion dollar growth of the Georgian economy will increase by about 10%.
1. Membership As a result, employment is rising and unemployment is falling. In fact, the current unemployment level is 11.8 percent. But why does it seem that the economy is getting worse? Well main reason is GEL’s inflation rate, comparing to 2016's beginning GEL has already devalued by 15.6%, but in comparison with 2013 GEL in concern to USD worsened by 69%. The main reason for the depreciation of GEL is going through the difficult processes in the balance sheet. However, it should be noted that there are some positive trends in this regard. For example, the trade balance is still getting