GDP issues

Official figures state that GDP has grown 4.5% in one year. In the first quarter of 2010 GDP per capita reached GEL 958. This is alleged to be the highest indicator in the last 5 years, however independent analysts are sceptical about this growth, Soso Tsiskarishvili saying that it actually reflects an increase in prices rather than production.

During the recent approval of the new Government team PM Gilauri proudly announced that there were huge development prospects for the Georgian economy. However economic analyst Avtandil Silagadze is also sceptical about the enthusiasm of PM, citing in particular the fall of the GEL against the USD.