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No 7 Georgia: An under-saturated "small gem"

Political uncertainty in Georgia, a country located at the crossroads of Western Asia and Eastern Europe, posed challenges to the economic outlook and consumer spending in 2013, but recovering GDP and investment levels are expected along with stabilizing consumer spending growth. Georgia's GDP is growing steadily, and per-capita spending has risen over the past five years. These factors, combined with a still underpenetrated retail market, help Georgia move up one place to seventh.

Women sell vegetables at a market in the old town of Sololaki, Tbilisi, capital of Georgia on April 30, 2014. [Photo/IC]

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