Energy Efficiency in Buildings: Georgia

Since the last decade, Georgia has been undergoing an economic recovery supported by multiple measures and reforms, which have boosted economic growth, net exports, job creation and private consumption of the country. The GDP has been growing at an average annual growth rate of +4.8%, arriving at more than 15 billion USD in 2017. This economic growth, coupled with a shrinking population, has led to a rapid growth of per capita GDP, from 1,637 USD/capita (2005) to 3,856 USD/capita (see Figure 1).