olated to 1993 using official Georgian statistics, which are
very uncertain because of major economic changes since 1990)
National product real growth rate:
-35% (1993 est.)
National product per capita:
$1,390 (1993 est.)
Inflation rate (consumer prices):
40.5% per month (2nd half 1993 est.)
Unemployment rate:
officially less than 5% but real unemployment may be up near 20%, with
even larger numbers of underemployed workers; real unemployment may be
up near 20% with even larger numbers of underemployed workers
Budget:
revenues:
$NA
expenditures:
$NA, including capital expenditures of $NA
Exports:
$NA
commodities:
citrus fruits, tea, wine, other agricultural products; diverse types
of machinery; ferrous and nonferrous metals; textiles; chemicals; fuel
re-exports
partners:
Russia, Turkey, Armenia, Azerbaijan (1992)
Imports:
$NA
commodities:
fuel, grain and other foods, machinery and parts, transport equipment
partners:
Russia, Azerbaijan, Turkey (1993)
External debt:
$100 million to $200 million (1993 est.)
Industrial production:
growth rate -27% (1993); accounts for 36% of GDP
Electricity:
capacity:
4,875,000 kW
production:
15.8 billion kWh
consumption per capita:
2,835 kWh (1992)
Industries:
heavy industrial products include raw steel, rolled steel, airplanes;
machine tools, foundry equipment, electric locomotives, tower cranes,
electric welding equipment, machinery for food preparation and meat
packing, electric motors, process control equipment, instruments;
trucks, tractors, and other farm machinery; light industrial products,
including cloth, hosiery, and shoes; chemicals; wood-working
industries; the most important food industry is wine
Agriculture:
accounts for 41% of GDP; accounted for 97% of former USSR citrus
fruits and 93% of former USSR tea; important producer of grapes; also
cultivates vegetables and potatoes; dependent on imports for grain,
dairy products, sugar; small livestock sector
Illicit drugs:
illicit cultivator of cannabis and opium poppy; mostly for domestic
consumption; used as transshipment point for illicit drugs to Western
Europe
Economic aid:
recipient:
heavily dependent on US for humanitarian grain shipments; EC granted
around $70 million in trade credits in 1992 and another $40 million in
1993; Turkey granted $50 million in 1993; smaller scale credits
granted by Russia and China
Curren