Georgia: A small country whose economy grew by 10% this year thanks to the war in Ukraine

  • Author, Cecile Barria
  • role, BBC News World

photo credit, Getty Images

image caption,

Georgia’s economy has doubled this year

The war in Ukraine led to a spectacular economic boom in Georgia, a country of the former Soviet Union. The authorities did not expect such an increase.

Georgia, with a population of 3,700,000, is located on the southern border of Russia. The country has welcomed thousands of Russian immigrants and an influx of capital not seen since the start of the war in Ukraine.

Its economy, which grew by about 5% before the war, grew by 10.2% this year.

“There is a huge increase in the flow of Russian money into the country,” Yaroslava Babych, director of the Center for Macroeconomic Policy Research at Tbilisi State University’s International School of Economics, ISET-PI, told BBC Mundo.

Leave a Reply

Your email address will not be published. Required fields are marked *