. The construction on the
Baku-T'bilisi-Ceyhan oil pipeline, the Baku-T'bilisi-Erzerum gas
pipeline, and the Kars-Akhalkalaki Railroad are part of a strategy
to capitalize on Georgia's strategic location between Europe and
Asia and develop its role as a transit point for gas, oil and other
goods.

GDP (purchasing power parity):

$20.6 billion (2007 est.)

GDP (official exchange rate):

$10.29 billion (2007 est.)

GDP - real growth rate:

12% (2007 est.)

GDP - per capita (PPP):

$4,400 (2007 est.)

GDP - composition by sector:

agriculture: 13%
industry: 28.7%
services: 58.3% (2007 est.)

Labor force:

2.02 million (2007 est.)

Labor force - by occupation:

agriculture: 55.6%
industry: 8.9%
services: 35.5% (2006 est.)

Unemployment rate:

13.6% (2006 est.)

Population below poverty line:

31% (2006)

Household income or consumption by percentage share:

lowest 10%: 2.4%
highest 10%: 27% (2005)

Distribution of family income - Gini index:

40.4 (2003)

Investment (gross fixed):

29.4% of GDP (2007 est.)

Budget:

revenues: $3.68 billion
expenditures: $3.08 billion (2007 est.)

Fiscal year:

calendar year

Inflation rate (consumer prices):

9.3% (2007 est.)

Commercial bank prime lending rate:

20.41% (31 December 2007)

Stock of money:

$1.154 billion (31 December 2007)

Stock of quasi money:

$1.379 billion (31 December 2007)

Stock of domestic credit:

$3.374 billion (31 December 2007)

Agriculture - products:

citrus, grapes, tea, hazelnuts, vegetables; livestock

Industries:

steel, aircraft, machine tools, electrical appliances, mining
(manganese and copper), chemicals, wood products, wine

Industrial production growth rate:

13.4% (2007 est.)

Electricity - production:

7.116 billion kWh (2006 est.)

Electricity - consumption:

6.694 billion kWh (2006 est.)

Electricity - exports:

635 million kWh (2007 est.)

Electricity - imports:

532 million kWh (2007 est.)

Electricity - production by source:

fossil fuel: 19.7%
hydro: 80.3%
nuclear: 0%
other: 0% (2001)

Oil - production:

979.1 bbl/day (2007 est.)

Oil - consumption:

12,980 bbl/day (2006 est.)

Oil - exports:

2,492 bbl/day (2005)

Oil - imports:

15,820 bbl/day (2005)

Oil - proved reserves:

35 million bbl (1 January 2008 est.)

Natural gas - production:

10 million cu m (2007 est.)