Riding the Bicycle

Abstract

This chapter explains the level of Georgia’s GDP per capita at the time of the writing in 2016 and provides four possible growth scenarios under different assumptions on the real GDP growth rate. Despite the rapid growth in the period covered in this book, Georgia needs to sustain high growth in order to catch up with the rest of Europe. Beyond the economic decisions which must be technically sound and reasonably ring-fenced from the political cycles, such convergence depends on the continuous success in the process of the state building.