Diplomatic representation from the US: chief of mission: Ambassador Richard M. MILES embassy: #25 Atoneli Street, T'bilisi 0105 mailing address: 7060 Tbilisi Place, Washington, DC 20521-7060 telephone: [995] (32) 989-967/68 FAX: [995] (32) 933-759
Flag description:
white rectangle, in its central portion a red cross connecting all
four sides of the flag; in each of the four corners is a small red
bolnur-katskhuri cross; the five-cross flag appears to date back to
the 14th century
Economy Georgia
Economy - 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 has suffered from
limited resources due to a chronic failure to collect tax revenues.
Georgia's new government is making progress in reforming the tax
code, enforcing taxes, and cracking down on corruption. Georgia also
suffers from energy shortages; it privatized the T'bilisi
electricity distribution network in 1998, but payment collection
rates remain low, both in T'bilisi and throughout the regions. The
country is pinning its hopes for long-term growth on its role as a
transit state for pipelines and trade. The construction on the
Baku-T'bilisi-Ceyhan oil pipeline and the Baku-T'bilisi-Erzerum gas
pipeline have brought much-needed investment and job opportunities.
GDP (purchasing power parity):
$14.45 billion (2004 est.)
GDP - real growth rate:
9.5% (2004 est.)
GDP - per capita:
purchasing power parity - $3,100 (2004 est.)
GDP - composition by sector: agriculture: 20.5% industry: 22.6% services: 56.9% (2004 est.)
Labor force:
2.1 million (2001 est.)
Labor force - by occupation:
agriculture 40%, industry 20%, services 40% (1999 est.)