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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

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In the previous years, the average price of residential space in Tbilisi was steadily rising and amounted to 924 USD per square meter in 2013. The exception was 2008-2009 because of the global financial crisis and, in Georgia's case, the war against Russia. Such a big shock led to decreasing in prices. The average sale price for one square meter (from 2007 to 2008) was reduced by 13.4% and reached 745 USD, while in 2009 it was reduced again by 12.8% and amounted to 650 USD. It should be noted that in 2009 the Georgian economy decreased by 3.7%. It is also interesting that the drop in prices in the real estate sector was compensated by the number of deals (the number of deals increased by 2.3% in 2008 and by 6.4% in 2009). Similar to 2008-2009, some deviations from the long-term trends are still expected. However, the nature of these changes can be significantly different from those of that time, as the peculiarities of the crisis and the starting position of the market are different. This year we have no shocking effect due to the armed conflict and reduction in the economy. Despite the slowdown in growth it still can't be predicted. Against this backdrop, as we have already mentioned, the main factor is the sharp devaluation of the GEL, which is linked to the qualitatively different results. The calculation of the Georgian real estate market calculations are mainly made in us dollars. At the same time, the reduction in price on new constructions is limited by the cost of pre-recovered expenses and the value of imported materials. Consequently, the reduction in revenue due to the exchange rate change (in dollars) is expected to cause a short-term decrease in the demand on the market. However, due to the possibility of cheapening the workforce or locally produced materials, there is some potential for cost reduction. One of the most significant effects of the exchange rate change is the increase in loans in dollars and the complication of their coverage. This may increase sales due to critical necessity. On the other hand, it is logical that many people avoid selling real estate in case of decrease in prices, which will reduce the total supply. Indirectly, renting costs can also affect the expectations of a private owner or potential buyer on what income can be obtained from real estate. In this regard, factors include decrease in revenues in dollars (which limits the resources of apartment rentals for locals), as well as the number of foreign visitors, and, consequently, the decreased demand for their residence. However, the decline in the exchange rate may also make Georgia "cheaper" for foreigners, which contains the potential to balance the decreased number of visitors. In this regard, the only obstacle can be connected with the restrictive regulations on a visa, residence permit and etc. It should be noted Georgia is the third largest Bitcoin miner in the world in the world after US and China. In conclusion, the most important thing is the future and as the future depends on cryptocurrency and Georgia can have some high hopes about it. Overall, Georgian economy is getting better time by time. It’s confirmed by facts and facts equal reality. This Agreement was last updated on: January 23, 2018.