revenues: $1.666 billion
expenditures: $1.735 billion; including capital expenditures of $NA
(2007 est.)

Fiscal year:

calendar year

Inflation rate (consumer prices):

4.4% (2007 est.)

Commercial bank prime lending rate:

17.52% (31 December 2007)

Stock of money:

$1.507 billion (31 December 2007)

Stock of quasi money:

$765.2 million (31 December 2007)

Stock of domestic credit:

$1.256 billion (31 December 2007)

Agriculture - products:

fruit (especially grapes), vegetables; livestock

Industries:

diamond-processing, metal-cutting machine tools, forging-pressing
machines, electric motors, tires, knitted wear, hosiery, shoes, silk
fabric, chemicals, trucks, instruments, microelectronics, jewelry
manufacturing, software development, food processing, brandy

Industrial production growth rate:

3.2% (2007 est.)

Electricity - production:

5.544 billion kWh (2007 est.)

Electricity - consumption:

4.539 billion kWh (2006 est.)

Electricity - exports:

322.6 million kWh; note - exports an unknown quantity to Georgia;
includes exports to Nagorno-Karabakh region in Azerbaijan (2007 est.)

Electricity - imports:

400.6 million kWh; note - imports an unknown quantity from Iran
(2007 est.)

Electricity - production by source:

fossil fuel: 42.3%
hydro: 27%
nuclear: 30.7%
other: 0% (2001)

Oil - production:

0 bbl/day (2007 est.)

Oil - consumption:

41,090 bbl/day (2006 est.)

Oil - exports:

0 bbl/day (2005)

Oil - imports:

44,670 bbl/day (2005)

Oil - proved reserves:

0 bbl (1 January 2006 est.)

Natural gas - production:

0 cu m (2007 est.)

Natural gas - consumption:

2.05 billion cu m (2007 est.)

Natural gas - exports:

0 cu m (2007 est.)

Natural gas - imports:

2.05 billion cu m (2007 est.)

Natural gas - proved reserves:

0 cu m (1 January 2006)

Current account balance:

-$571.4 million (2007 est.)

Exports:

$1.2 billion f.o.b. (2007 est.)

Exports - commodities:

pig iron, unwrought copper, nonferrous metals, diamonds, mineral
products, foodstuffs, energy

Exports - partners:

Russia 17.5%, Germany 14.7%, Netherlands 13.5%, Belgium 8.7%,
Georgia 7.6%, US 6.6%, Switzerland 4.3%, Bulgaria 4.1%, Ukraine 4%
(2007)

Imports:

$2.807 billion f.o.b. (2007 est.)

Imports - commodities:

natural gas, petroleum, tobacco products, foodstuffs, diamonds

Imports -