This paper examines the dynamism of economic growth in GUUAM countries during a 10-year period from 1991 till 2000.I employ econometric model to estimate the effects of the policies of the organization on the economic growth in its member states.

Only a few policies employed had affected the economic growth significantly. I observed that an increase in FDI inflows to these countries enhances GDP per capita growth more than any other determinant including in my model does. My result suggest that the higher ratio of net foreign direct investment inflows to GDP and the lower fertility rate would increase the GDP per capita growth in above-mentioned countries.

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