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Georgia

Georgia : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$7.058 billion (2011 est.)
$5.049 billion (2010 est.)

Exports

$2.189 billion (2011 est.)
$2.462 billion (2010 est.)

Inflation rate (consumer prices)

8.5% (2011 est.)
7.1% (2010 est.)

Unemployment rate

16.3% (2010 est.)
16.9% (2009 est.)

GDP - per capita (PPP)

$5,600 (2011 est.)
$5,200 (2010 est.)
$5,000 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

5.5% (2010 est.)
-3.9% (2009 est.)
2.3% (2008 est.)

Internet users

1.3 million (2009)

Telephones - mobile cellular

3.193 million (2009)

Population growth rate

-0.327% (2012 est.)

Population

4,570,934 (July 2012 est.)

Historical background

The region of present day Georgia contained the ancient kingdoms of Colchis and Kartli-Iberia.

The area came under Roman influence in the first centuries A.

D.

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Georgia

Economic overview

Georgia's economy sustained GDP growth of more than 10% in 2006-07, based on strong inflows of foreign investment and robust government spending.

However, GDP growth slowed in 2008 following the August 2008 conflict with Russia, and turned negative in 2009 as foreign direct investment and workers' remittances declined in the wake of the global financial crisis, but rebounded in 2010.

Georgia's main economic activities include the cultivation of agricultural products such as grapes, citrus fruits, and hazelnuts; mining of manganese and copper; and output of a small industrial sector producing alcoholic and nonalcoholic beverages, metals, machinery, aircraft and chemicals.

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Oxford Economics

Country Economic Forecasts > Georgia

Country Economic Forecasts > Georgia

  • $ 185
  • Country report
  • August 2016
  • by Oxford Economics

GDP growth picked up to 3.1% in Q2 while inflation fell below 2%, averting any need for further monetary tightening despite last year's widening of the fiscal deficit towards 4% of GDP. Although some slowdown ...

  • Countries : Georgia

The Economist Intelligence Unit

Country Report Georgia 1st Quarter 2016

Country Report Georgia 1st Quarter 2016

  • $ 285
  • Country report
  • March 2016
  • by The Economist Intelligence Unit

Outlook for 2016-17 Political instability will be high in the run-up to the parliamentary election. The political environment will remain polarised. Administrative resources, violence, fraud and judicial ...

  • Countries : Georgia

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