Économie ukraine 20201/19/2024 High dollarization and persistent dependence on external savings increase the risks associated with foreign exchange depreciation. Because of its trade openness and reliance on tourism, Georgia is vulnerable to external shocks. Poor learning outcomes and lack of skills also constitute a barrier to private sector growth. More than a third of all workers are engaged in low-productivity agriculture. Nevertheless, structural challenges persist, notably weak productivity and limited high-quality job creation. The poverty rate (measured by the national poverty line) was more than halved over the same period. As a result of sound economic management, GNI per capita converged toward European Union (EU) levels, increasing from $3,048 in 2010 to $4,608 in 2021 (constant 2015 US$). Georgia has made much progress over the past decade.
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