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| Government Type |
republic |
| Legal System |
based on civil law system |
| Currency |
lari (GEL) |
| Economic Overview |
Georgia's main economic activities include the cultivation of agricultural products such as citrus fruits, tea, hazelnuts, and grapes; mining of manganese and copper; and output of a small industrial sector producing alcoholic and nonalcoholic beverages, metals, machinery, and chemicals. The country imports the bulk of its energy needs, including natural gas and oil products. Its only sizable internal energy resource is hydropower. Despite the severe damage the economy has suffered due to civil strife, Georgia, with the help of the IMF and World Bank, has made substantial economic gains since 1995, achieving positive GDP growth and curtailing inflation. However, the Georgian Government suffers from limited resources due to a chronic failure to collect tax revenues. Georgia also suffers from energy shortages; it privatized the T'bilisi distribution network in 1998, but collection rates are low, making the venture unprofitable. The country is pinning its hopes for long-term growth on its role as a transit state for pipelines and trade. The start of construction on the Baku-T'bilisi-Ceyhan oil pipeline and the Baku-T'bilisi-Erzerum gas pipeline will bring much-needed investment and job opportunities. |
| Natural Resources |
forests, hydropower, manganese deposits, iron ore, copper, minor coal and oil deposits; coastal climate and soils allow for important tea and citrus growth |
| Primary Industries |
steel, aircraft, machine tools, electrical appliances, mining (manganese and copper), chemicals, wood products, wine |
| Agricultural Products |
citrus, grapes, tea, hazlenuts, vegetables; livestock |
| Import Commodities |
fuels, machinery and parts, transport equipment, grain and other foods, pharmaceuticals |
| Export Commodities |
scrap metal, machinery, chemicals; fuel reexports; citrus fruits, tea, wine |
| Export Partners |
Russia 23.0%, Turkey 21.5%, Azerbaijan 3.3%, US 3.0%, Germany 2.5% (2001) |
| AIRPORTS of Georgia |
| Tbilisi Airport |
International, Heliport, Tbilisi 15km (9miles), Position 41°40´30"N, 044°57´25"E, Elevation 970m (3,182ft),51 Aircraft Stands |
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