Georgia : Selected Issues

Publication Date: April 21, 2011
Electronic Access: Free Full text (PDF file size is 963KB).
Use the free Adobe Acrobat Reader to view this PDF file

Summary: During the twin crises of 2008–09 Georgia’s foreign exchange reserves have been exposed to a number of external and internal drains. Its exports declined by 21 percent from peak to trough. Bank deposits declined by more than 20 percent in late 2008–early 2009, while deposit dollarization increased sharply. FDI declined from 16.4 percent of GDP in 2007 to an estimated 5 percent of GDP in 2010. Georgia was able to limit the impact of these drains on its international reserves.
Series: Country Report No. 11/93
Subject(s): Exchange rate assessments | Export competitiveness | Export markets | Foreign direct investment | Reserves adequacy | Selected issues

Publication Date: April 21, 2011
ISBN/ISSN: 9781455249282/1934-7685 Format: Paper
Stock No: 1GEOEA2011003 Pages: 43
US$18.00 (Academic Rate:
US$18.00 )
Please address any questions about this title to