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Georgia

Welcome to the price transmission page for Georgia. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Georgia

Historic Warnings per Commodity

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Background information

Thanks to its strategic location between Asia and Europe, Georgia has attracted extensive foreign investments during the last decade to finance the South Caucasus pipeline, which itself led to GDP growth of 10%. The conflict with Russia and FDI inflow reduction caused by the financial crisis led to a contraction in GDP growth. The economy rebounded but has not fully recovered to growth levels preceding the financial crisis. Georgia is endowed with abundant natural resources including minerals and gold. In the recent years it has significantly upgraded its hydropower potential which almost suffices its energy needs.

The agricultural sector employs slightly more than half of the total workforce, utilizing one-third of the total land and contributing for one-tenth of the national GDP. The main crops produced are citrus, grapes, tea, hazelnuts and vegetables; nevertheless in order to meet the domestic demand two-thirds of the cereals consumption are imported.

Scoring 0.754 on the HDI (2014), the lower middle-income country ranked among the countries with a medium level of human development, exhibiting a relatively high level of unemployment, averaging at 16.7% in 2015. On top of this, one child out of ten is stunted and one-seventh of the total population is living in extreme poverty.