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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Dun and Bradstreet (Altares)

D&B Country Insight Report: Georgia

D&B Country Insight Report: Georgia

  • $ 650
  • Country report
  • September 2014
  • by Dun and Bradstreet (Altares)

Report Summary If you are involved in cross-border business, developing relationships or identifying opportunities overseas, you are exposed to the risk associated with a country's overall political, ...

  • Countries : Georgia

Oxford Economics

Country Economic Forecasts > Georgia

Country Economic Forecasts > Georgia

  • $ 185
  • Country report
  • October 2014
  • by Oxford Economics

The post-election spending surge has been reined in, helped by new IMF standby loan terms, bringing GDP growth down to around 5% in Q2 from over 7% in the preceding two quarters. Private consumption and ...

  • Countries : Georgia

The Economist Intelligence Unit

Country Report Georgia 4th Quarter 2014

Country Report Georgia 4th Quarter 2014

  • $ 285
  • Country report
  • December 2014
  • by The Economist Intelligence Unit

Outlook for 2015-16 Divisions are emerging within the Georgian Dream coalition, and between the government and president. These are likely to become more pronounced in 2015-16, which will undermine the ...

  • Countries : Georgia

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