Special Report: Economics
September 7, 2017
DEVELOPMENT OF THE AGRICULTURAL SECTOR – JANUARY-JUNE, 2017
In the agricultural sector:
- In the last eight years, total production output has fluctuated between 7.8% and 10.3% of gross domestic product;
- In the first quarter of 2017, foreign direct investment amounted to negative US$0.3 mln;
- In the first half of 2017, the volume of loans in the national currency almost reached the volume of loans in foreign currencies;
- In the first half of 2017, the volume of imports was 2.4 times the volume of exports.
In the first half of 2017, the agricultural sector contributed 9% (GEL 635.1 mln) of gross domestic product.
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Policy and Management Consulting Group (PMCG) is development consulting company, specializing in policy advising, capacity building, social infrastructure development, and corporate management. PMCG is primarily working in the regions of Eastern Europe, the Caucasus, Central Asia, the Middle East and Africa, with bilateral and multilateral development institutions, such as: USAID, European Commission, World Bank, UNDP, ADB, JICA and others.