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Georgian population not saving

By Messenger Staff
Friday, May 4
According to a report from the World Bank, 33% of Georgian adults have a bank account but only 1% of the population has a savings account. In overall level of savings compared to GDP, Georgia has a very low ranking the lowest in the region.

The total amount of savings in Georgia in 2008 was 939 million GEL; in 2009 it grew to 1.4 billion GEL, but in 2011 it crashed to only 509 million GEL.