Republic of Georgia Business Summit

Country Fact Sheet

U.S. Ambassador to Georgia: John Tefft

Georgian Ambassador to the United States: Vasil Sikharulidze

PROFILE

Population: 4.4 Million*	Next Election Scheduled: Winter 2013
Capital: Tbilisi	Head of Government: Lado Gurgenidze
Government: Republic	Head of State: Mikheil Saakashvili

ECONOMY

2007 Nominal GDP (Current US$ billion): $10.3

2007 Nominal GDP Per Capita (Current US$): $2,355.2*

	2005	2006	2007
Real GDP Growth Rate (%)	9.6	9.4	12.4
Real GDP Per Capita Growth Rate (%)	9.4*	7.4*	13.2*
CPI (%)	8.3	9.2	9.2
Unemployment (%)	N/A	N/A	N/A

Economic Mix in 2006⁺: 13% Manufacturing; 62% Services; 13% Agriculture

FOREIGN MERCHANDISE TRADE (U.S.$ millions)	2005	2006	2007
Georgia Exports to World	866	992	1,233
Georgia Imports from World	2,491	3,675	5,214
U.S. Exports to Georgia	213.9	263.5	364.2
U.S. Imports from Georgia	194.4	105.3	211.6
U.S. Trade Balance with Georgia	19.5	158.2	152.7

Rank of Georgia as U.S. Export Market in 2007: 100th Largest (0.03% of U.S. exports).

Rank of Georgia among Importers to the U.S. in 2007: 110th Largest (0.01% of U.S. imports).

Principal U.S. Exports to Georgia in 2007: Vehicles (32%); Art and Antiques (22%); Machinery (12%); Electrical Machinery (8%); Meat (8%).

Principal U.S. Imports from Georgia in 2007: Iron and Steel (44%); Mineral Fuel/Oil (28%); Fertilizer (15%); Inorganic Chemicals (5%), Machinery (2%).

FOREIGN DIRECT INVESTMENT (U.S.$ millions)	2004	2005	2006
U.S. FDI in Georgia	67	88	N/A
FDI into U.S. from Georgia	N/A	N/A	N/A

Principal Suppliers of Foreign Investment to Georgia: U.K., U.S., Turkey, Azerbaijan, Cyprus, Russia, Kazakhstan, Denmark, Holland, Czech Republic, Norway, Italy, France.

DOING BUSINESS/ECONOMIC FREEDOM RANKINGS

World Bank Doing Business in 2008 Rank: 18 of 178 (35 in 2007)

Heritage/WSJ 2008 Index of Economic Freedom Rank: 32 of 157

* IMF estimate, ‡ Economist Intelligence Unit data, ‡• Economist Intelligence Unit estimate, ⁺ World Bank data