Political pressure groups and leaders: Georgian refugees from Abkhazia
(Abkhaz faction in Georgian Parliament); separatist elements in the
breakaway region of Abkhazia; supporters of the late ousted President
Zviad GAMSAKHURDYA remain a source of opposition
International organization participation: BSEC, CCC, CE, CE (guest),
CIS, EAPC, EBRD, ECE, FAO, IAEA, IBRD, ICAO, IDA, IFAD, IFC, IFRCS,
ILO, IMF, IMO, Inmarsat, Interpol, IOC, IOM (observer), ISO
(correspondent), ITU, OPCW, OSCE, PFP, UN, UNCTAD, UNESCO, UNIDO, UPU,
WHO, WIPO, WMO, WToO, WTrO (applicant)
Diplomatic representation in the US: chief of mission: Ambassador Tedo JAPARIDZE chancery: Suite 300, 1615 New Hampshire Avenue NW, Washington, DC 20009 telephone: (202) 387-2390 FAX: (202) 393-4537
Diplomatic representation from the US: chief of mission: Ambassador Kenneth S. YALOWITZ embassy: #25 Antoneli Street, T'bilisi 380026 mailing address: use embassy street address telephone: (32) 989-967 FAX: (32) 933-759
Flag description: maroon field with small rectangle in upper hoist side corner; rectangle divided horizontally with black on top, white below
@Georgia:Economy
Economy - overview: Georgia's economy has traditionally revolved around Black Sea tourism; cultivation of citrus fruits, tea, and grapes; mining of manganese and copper; and output of a small industrial sector producing wine, metals, machinery, chemicals, and textiles. 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, made substantial economic gains since 1995, increasing GDP growth and slashing inflation. The Georgian economy continues to experience large budget deficits due to a failure to collect tax revenues. Georgia also still suffers from energy shortages; it privatized the distribution network in 1998, and deliveries are steadily improving. Georgia is pinning its hopes for long-term recovery on the development of an international transportation corridor through the key Black Sea ports of P'ot'i and Bat'umi. The growing trade deficit, continuing problems with tax evasion and corruption, and political uncertainties cloud the short-term economic picture. However, revived investment could spur higher economic growth in 2000, perhaps up to 6%.
GDP: purchasing power parity - $11.7 billion (1999 est.)
GDP - real growth rate: 3.5% (1999 est.)
GDP - per capita: purchasing power parity - $2,300 (1999 est.)