• NAME OF RESEARCH

    Georgia’s Agricultural Sector - First steps to sustainable growth

  • NAME OF AUTHOR

    Bank of Georgia Research

  • CATEGORY

    Agriculture

  • YEAR

    2014-04-11

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Georgia’s agricultural production delivered strong growth of 12.1% y/y in 2013 and accounted for 9.3% of GDP. Agricultural investments in Georgia have increased significantly in 2013, however FDI was only 3.5% of the total FDI inflows. Agricultural exports received a boost last year with the re-opening of the Russian market. Exports to Russia ran up to US$ 107mn last year, almost at the level of US$ 129mn in 2005, just before the Russian embargo was introduced. Many agriculture support programs have been launched by the government in 2013, but there is still a large room for sector growth resulting from efficiency gains.