• NAME OF RESEARCH

    Initial assessment of production viability of manufacturing sector products

  • NAME OF AUTHOR

    KPMG CIS Limited

  • CATEGORY

    Manufacturing

  • YEAR

    2012-08-22

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The report discusses the key economic developments affecting business: Since 1995, with the exception of the year 2009, Georgia has had a positive annual real GDP growth rate. The real GDP has increased by 3.7% annually in 2007-2011. In 2011, the annual average inflation rate increased by 1.4 percentage points from the previous year to reach 8.5%, while the average annual inflation rates for Georgia in 2006- 2011 has been 7.6%. In the context of maintaining price stability, the NBG has set 6% annual target inflation rate for 2012-2014, while the IMF forecasts annual inflation rate of 1.7% in 2012 and 6% for the period of 2013-2017 in Georgia.

Investments in basic and fabricated metal product manufacturing sector peaked in 2008 and have slightly decreased since then. Investments in fixed assets in rubber and plastics sector have steadily decreased in 2007-2010.