se 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, has made substantial economic gains in 1995-96, pushing
GDP growth and slashing inflation. Georgia had been suffering from
acute energy shortages, although energy deliveries improved in 1996.
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 decision in 1996 to construct an
early Caspian oil pipeline through Georgia underscores the viability
of such a corridor and may spur greater western investment in the
economy. A growing trade deficit and political uncertainties cloud the
short-term economic picture.

GDP: purchasing power parity - $7.1 billion (1996 estimate as
extrapolated from World Bank estimate for 1994)

GDP - real growth rate: 11% (1996 est.)

GDP - per capita: purchasing power parity - $1,350 (1996 est.)

GDP - composition by sector:
agriculture : 70.4%
industry: 10.2%
services: 19.4% (1993 est.)

Inflation rate - consumer price index: 13.3% (1996 est.)

Labor force:
total: 2.2 million (1996)
by occupation: industry and construction 31%, agriculture and forestry
25%, other 44% (1990)

Unemployment rate: 21% (1996 est.)

Budget:
revenues: $NA
expenditures: $NA, including capital expenditures of $NA

Industries: steel, aircraft, machine tools, foundry equipment,
electric locomotives, tower cranes, electric welding equipment,
machinery for food preparation and meat packing, electric motors,
process control equipment, trucks, tractors, textiles, shoes,
chemicals, wood products, wine

Industrial production growth rate: 7.7% (1996 est.)

Electricity - capacity: 4.56 million kW (1994)

Electricity - production: 7.1 billion kWh (1996)

Electricity - consumption per capita: 1,095 kWh (1995 est.)

Agriculture - products: citrus, grapes, tea, vegetables, potatoes;
small livestock sector

Exports:
total value: $356 million (f.o.b., 1995)
commodities: citrus fruits, tea, wine, other agricultural products;
diverse types of machinery; ferrous and nonferrous metals; textiles;
chemicals; fuel re-expor