Economy
Khalid
Currency
Georgia's local currency is the Georgian Lari which comes in 1, 2, 5, 10, 20, 50, 100, 200 banknotes. 100 tetri equals 1 lari and 1 lari converts in 0.39 U.S. Dollars. Other than U.S. dollars, euros and rubles are currency that can be used and exchanged. The images on Georgian lari show parts of their culture such as the image of Akaki Tsereteli, a Georgian poet and key figure of a national movment, on the 10 lari.
Overview
The GDP of Georgia has grown by 7% from exports, tourism, and money transfers. Georgia has rebounded well from the pandemic, well shown from the expenses made via tourism from neighboring countries as well as imports and exports. Georgia has many sources for trade with their main source for imports and exports being from the EU (16.9% from exports and 22.9% in imports) other sources for exports are China, Russia, Azerbaijan, and Turkey.
Tourism
A major source of income for Georgia is tourism, which is well supported by the country's government as they have increased construction of entertainment parks, hotels, and resorts. The country's nature and cultural history are popular amongst tourists although many proper facilities reside near the capital and resort areas. The World Bank; however, has acknowledged this and strives towards preservation of nature and cultural heritage, they are also progressing on finalizing or improving the development of tourist resorts such as Batumi and Kobuleti.