Research & Sources

Formal MSME finance gap in EMDEs estimated around USD 5.7 trillion; methodology and breakdowns by region and firm type.

MSMEs make up over 90% of firms; MSME finance gap of USD 5.7 trillion (USD 8 trillion incl. informal sector).

MSMEs >90% of firms, ≈70% of employment and 50% of GDP worldwide; finance gap now USD 5.7 trillion.

SMEs account for about 90% of businesses and more than 50% of employment worldwide.

Nominal GDP of GEL 91,891.8 million, with real GDP growth of 9.4%, plus structure by sector.

Q1 2025 nominal GDP GEL 21,798.2 million and real GDP growth of 9.8% y/y.

Official World Bank series for Georgia: GDP (current USD), GDP growth, GDP per capita.

SMEs are core to the Georgian economy; documents significant access-to-finance constraints, including shortage of long-term funding and underdeveloped capital-market instruments.

Analyses constraints to private-sector growth; highlights access to finance, capital-market depth and long-term funding as key structural bottlenecks.

NBG's fintech vision, objectives and KPIs; mentions cooperation with the World Bank and outlines the regulatory sandbox and DLT-related ambitions.

Updated strategy; explicitly notes that NBG has set up a regulatory sandbox, strengthened fintech capacity and actively researches CBDC and tokenization.

Detailed mapping of priority actions, goals and KPIs, including sandbox-related milestones.

High-level NBG presentation showing Georgia's fintech ecosystem, including the regulatory sandbox and innovation support tools.