Challenges of the pandemic on the economy of Georgia
DOI:
https://doi.org/10.56580/GEOMEDI0007Keywords:
Economy of Georgia, real GDP growth, pandemic, GDP per capitaAbstract
The global pandemic is having a significant impact on the economy of Georgia. Statistical analysis of 2020-2021 shows that there is a significant decline in GDP (Gross Domestic Product), - the most important indicator of the country's development. A reduction is observed in individual components of Gross Value Added, - in almost all branches of the economy. Particularly noteworthy is to mention the decline in GDP per capita during this period. It negatively affects on the life of population. Overcoming the economic crisis and economic prosperity is a priority for today. However, it is very important that the goodness of economic growth is felt by each resident of the country.
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References
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https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=GE&name_desc=true
