, Among other largest sources of remittances for Georgia are: Greece with USD 192.56 million in 2019, Italy - USD 239.17 million; the United States – USD 178.41 million; Ukraine - USD 47.3 million; Spain - USD 30.9 million; Turkey - USD 94.85 million; Kazakhstan - USD 26.63 million; the UK - USD 16.89 million; Israel - USD 162.55 million; Azerbaijan - USD 22.17 million; Germany - USD 49.81 million; France - USD 26.37 million; Canada - USD 14.21 million.. From 2003 to 2011, FDI in Georgia amounted to US$8511.5 million.  Alexander Khetaguri, the former Georgian Minister of Energy, proposed new hydroelectric projects worth well over 22,000 megawatts of capacity, which would cost over US$40 billion and would be privately funded. Modernization of system of licenses and permits resulted in decrease of number of licenses and permits and simplification of related administrative procedures.  It has been decreased significantly after 11.2% in 2010.  In 2007, the World Bank named Georgia the World's number one economic reformer, and has consistently ranked the country at the top of its ease of doing business index. In 2011, IMF estimated current account balance of Georgia was -1.489 BN USD. долларов 24.08.2011, Прямые иностранные инвестиции в Грузию в 2011г. There is a small Jewish community in Tbilisi as well as small numbers of Roman Catholics scattered throughout the country. supporting sustainable energy development, and attracting investment for energy projects of common and regional interest. The country's topography and abundance of hydro resources give it serious potential to dominate hydroelectric markets in the Caucasus region. The procedures for getting a construction permits was dramatically simplified and it requires just 3 procedures. Implemented institutional reforms created an effective, professional and transparent public sector, motivated to protect the principles of democracy. , The following table shows the monthly average for incoming tourists in Georgia by citizenship and number of visits (in thousands). Due to the economic deregulation policy, number of state regulated spheres sharply decreased, as well as regulation procedures were simplified. Success of Georgia is recognized by different rating agencies. Sources - What is a population pyramid? Georgian National Energy Regulatory Commission (GNERC), "World Economic Outlook Database, April 2019", "World Economic Outlook Database, October 2019", "World Economic Outlook Database, April 2020", "Poverty headcount ratio at national poverty lines (% of population) - Georgia", "Europe Central Asia Economic Update, Spring 2020 : Fighting COVID-19", "Employment to population ratio, 15+, total (%) (national estimate) - Georgia", https://www.geostat.ge/en/modules/categories/39/wages, "External Merchandise Trade 2019 publication 2020", "S& - Ratings Sovereigns Rating List - Americas", "Corruption Perceptions Index 2018 Executive Summary p. 9", "Emerging market growth index published by Bisignis Institute", "National Bank Of Georgiaინფორმაცია თქვენთვის", "Report for Selected Countries and Subjects", https://wits.worldbank.org/CountryProfile/en/Country/ARM/Year/2017/TradeFlow/EXPIMP/Partner/by-country, Transcript of a Conference Call on Georgia Request for Standby Arrangement, World Economic Outlook Database, April 2012, "Statement at the Conclusion of an IMF Mission to Georgia", "Economic environment of GEORGIA (COUNTRY)", Прямые иностранные инвестиции в Грузию в 2010 году составили 814 млн. Russia was traditionally the biggest export market for Georgian wine. , Georgia is one of the key members in international TRACECA programme due to its important geographical and political location. The declining birth rate in combination with increasing emigration is expected to continue into the foreseeable future, causing the population to continuously decline. 2011 wine export is 109% higher than 2007 exports.  In 2006 rapid growth in hydroelectricity output (by 27%) was matched by equally strong growth in thermal electricity (by 28%). During that period international financial institutions played a critical role in Georgia's budgetary calculations. Tensions ran high, however, as the Inguri hydropower plant provides nearly 40 to 50 percent of the country's electricity and is located at the administrative border of the Russian-occupied Abkhazia region. Nuts was exported in 53 countries. Population density for this country.  According to Ministry of Energy and Natural Resources, so far Georgia has been exploiting only 18% of its hydro resource potential.. In recent years Georgia has fully deregulated its electricity sector, and now there is free and open access to the market. Rural population as a percentage of total population in Georgia was 48.2% in 2011 and decreased to 46.3% in 2014. Human Development Index is a composite statistic of life expectancy, education, and income indices used to rank countries into four tiers of human development. 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