Georgia’s agriculture faces actual challenges
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Date
2020
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
Georgia’s agriculture is gradually emerging from the severe, protracted
economic crisis that has plagued it since the 1990s. It is true that the volume
of output and value added in this sector has increased in recent years and the
volume of the latter amounted to 3112.2 million GEL in 2019 (7.2% of GDP), however,
if we compare it with other sectors and fields of the economy, the situation is not
so good.
In recent years, financial support from the state has clearly affected the
agricultural sector, although the economic growth of the sector is still quite
weakly correlated with the growth of state subsidies. During this period, the whole
economy grew 2.6 times faster and grew by 33.2% compared to 2012. Agriculture
- according to the increase in the last 7 years (2013-2019) (which was observed
only for 2 years (2013 and 2018) - was in the penultimate place, however, there was
a decrease in value added in the sector and due to it the volume decreased by
11.2% in 2017. Despite some growth, the concept of “sustainable development” is
still the least appropriate for Georgia’s agriculture.
Accordingly, the development of agriculture in Georgia requires relatively
more state attention and relatively new methods and forms of support,
management and organization.
Description
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Keywords
Agriculture, agri-food products, self-sufficiency level, export, import
Citation
Economics and Business, №3, 2020, pp. 67-84