Economic Life of Georgia

Georgia's economy is a free-market. Its GDP collapsed and fell sharply but eventually recovered in mid-2000's. Georgia is known as the least corrupt nation in the Black Sea Region, as well as nearby European Union States. Georgia has been a part of the European Union's Free Trade Area since 2014. It is ranked 24 in 2016 Doing Business Report, meaning it is better the France, The Netherlands, Poland and Switzerland.