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Georgia Economy
GDP:
purchasing power parity - $12.18 billion (2003 est.)
GDP - real growth rate:
5.5% (2003 est.)
GDP - per capita:
purchasing power parity - $2,500 (2003 est.)
GDP - composition by sector:
agriculture: 20.5%
industry: 22.6%
services: 56.9% (2003 est.)
Investment (gross fixed):
18% of GDP (2003)
Population below poverty line:
54% (2001 est.)
Household income or consumption by percentage share:
lowest 10%: 2.3%
highest 10%: 27.9% (1996)
Distribution of family income - Gini index:
37.1 (1996)
Inflation rate (consumer prices):
4.8% (2003 est.)
Labor force:
2.1 million (2001 est.)
Labor force - by occupation:
agriculture 40%, industry 20%, services 40% (1999 est.)
Unemployment rate:
17% (2001 est.)
Budget:
revenues: $603.5 million
expenditures: $700.5 million, including capital expenditures of NA (2003 est.)
Industries:
steel, aircraft, machine tools, electrical appliances, mining (manganese and copper), chemicals, wood products, wine
Industrial production growth rate:
3% (2000)
Electricity - production:
7.27 billion kWh (2001)
Electricity - production by source:
fossil fuel: 19.7%
hydro: 80.3%
other: 0% (2001)
nuclear: 0%
Electricity - consumption:
7.611 billion kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
850 million kWh (2001)
Oil - production:
2,000 bbl/day (2001 est.)
Oil - consumption:
31,500 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Natural gas - production:
60 million cu m (2001 est.)
Natural gas - consumption:
1.16 billion cu m (2001 est.)
Natural gas - exports:
0 cu m (2001 est.)
Natural gas - imports:
1.1 billion cu m (2001 est.)
Agriculture - products:
citrus, grapes, tea, hazelnuts, vegetables; livestock
Current account balance:
$-365 million (2003)
Exports:
$615 million (2003 est.)
Exports - commodities:
scrap metal, machinery, chemicals; fuel reexports; citrus fruits, tea, wine
Exports - partners:
Turkey 23.3%, Greece 11.9%, Russia 8.9%, US 6.5%, Turkmenistan 5.8%, Italy 5.5%, Spain 5.2% (2003 est.)
Imports:
$1.25 billion (2003 est.)
Imports - commodities:
fuels, machinery and parts, transport equipment, grain and other foods, pharmaceuticals
Imports - partners:
US 11%, Turkey 10.6%, Russia 10.3%, Azerbaijan 8.2%, Germany 6.5%, France 6%, Ukraine 5.7%, Italy 5.2%, Bulgaria 4.9% (2003 est.)
Reserves of foreign exchange & gold:
$190.7 million (2003)
Debt - external:
$1.8 billion (2002)
Economic aid - recipient:
ODA $150 million (2000 est.)
Currency:
lari (GEL)
Currency code:
GEL
Exchange rates:
lari per US dollar - 2.1457 (2003), 2.1957 (2002), 2.073 (2001), 1.9762 (2000), 2.0245 (1999)
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