What type of economy does Georgia have?

The economy type of Georgia is an emerging free market. The pursuit of a truly divided political system which is dedicated to a free market economy, is helping Georgia develop its free market. Having been a socialist, communist nation for decades, it is difficult to reign in the idea that a central government is needed to maintain an economy.

After the Rose Revolution, which was a peaceful protest that turned into a demand for a new government, new leaders were chosen who soon announced pro-Western leadership and a commitment to a free society and economy. The reforms allowed for private ownership of property, and is letting market forces, rather than government edicts, dictate wages, prices, production and distribution. These reforms seem to be working as Georgia's GDP growth rate soon saw double digits reaching an impressive 16 percent in 2014.