Georgia Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Georgia; country and population overview  DATA ON GDP AND ECONOMIC INFORMATION DATA ON TRADE AND COMPETITIVENESS | Current account balance |  | US$ -1.7 billion (2010 estimate)(After 2008) | | Current account balance by percentage of GDP | | -13% of GDP (2010 estimate)(2009) | | Exports as percent of GDP (Exports of goods and services) | | 27.4% (2009) (Data released on December 2010) | | Shares in world total merchandising export | | 0.01%(2007) (Data were released in Nov 2011 and refer to 2010) | | Shares in world total commercial services export | | 0.04%(2007) (Data were released in Nov 2011 and refer to 2010) | | Total exports | | US$2.29 billion f.o.b. (2010 estimate) | | Export commodities | | scrap metal, wine, mineral water, ores, vehicles, fruits and nuts | | Total imports | | US$7.304 billion (2008 estimate) | | Import commodities | | fuels, vehicles, machinery and parts, grain and other foods, pharmaceuticals | | Exports - major partners | | Turkey 13%, US 11.2%, Azerbaijan 6.3%, UK 5.4%, Bulgaria 5.1%, Ukraine 5%, Armenia 4.8%, Turkmenistan 4.5%, Canada 4.2% (2007) | | Imports - major partners | | Turkey 14%, Russia 12.3%, Ukraine 8.5%, Azerbaijan 7.3%, Germany 6.8%, US 5%, Bulgaria 4.6% (2007) | | FDI inflows | | | 2008 | 2009 | 2010 | | | US$1,564 million | US$658 million(2009) | US$549 million(2009) | |
| | FDI outflows | | | 2008 | 2009 | 2010 | | | US$70 million | US$-1 million | US$6 million | |
| | Value of cross-border M&A, by country of purchaser | | | 2008 | 2009 | 2010 | 2011 | | N/A | N/A(2009) | US$0 million(2009) | US$-10 million |
| | Cross-border M&A deals worth over $3 billion completed in 2008 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal) | | N/A (for a monthly update on M&A click here ) | | Cross-border M&A deals worth over $3 billion completed in 2010 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal) | | N/A(2008 estimate) (for a monthly update on M&A click here ) | Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.) | | Overall ranking: 12 out of 183 countries(2009) (2010) Subcategories: Starting a business: 8 out of 183 countries(2009) Registering property: 2 out of 183 countries Paying Taxes: 61 out of 183 countries Getting credit: 15 out of 183 countries Protecting investors: 20 out of 183 countries Trading across border: 35 out of 183 countries Enforcing Contracts: 41 out of 183 countries (2010) | Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best) | | 88 (2011/2012) | Index of Economic Freedom WSJ and Heritage Foundation | | Ranking: 29 Score: 70.4 (Mostly Free) (2009) (100=totally free 0=totally repressed ) |
COUNTRY AND POPULATION OVERVIEW | Time zone | | UTC+4 | | Total area | | 69,700 km2 (2006) | | Capital | | T'bilisi (2009) | | Currency | | laris (GEL) (2009) | | Government type | | republic (2009) | | Languages | | Georgian 71% (official), Russian 9%, Armenian 7%, Azeri 6%, other 7% | | Religions | | Orthodox Christian 83.9%, Muslim 9.9%, Armenian-Gregorian 3.9%, Catholic 0.8%, other 0.8%, none 0.7% (2002 census) | | Total population | | | 1980 | 1990 | 2000 | 2010* | 2015** | | N/A | N/A | 4.44 million | 4.39 million | 4.41 million |
*Estimate **Forecast | | Urban population as % of total population | | | 1960 | 1980 | 2000 | 2009 | | 42.3% | 51.6% | 52.7% | 52.8% |
| | Population median age | | 36.0 years (2006) | | Population growth rate | | -1.1% (2009) | | Life expectancy | | 71 years (2007) | | Adult literacy | | N/A | | % of population living on less than $2 a day | | 32.21% (2011) | | Inequality of wealth distribution (Gini index) | | 41.3 (2008) (0=perfect equality, 100=absolute inequality) | | Freedom House rating | | Political Rights:4
Civil Liberties:3 (2010) (1 represents the most free, 7 the least free) | | Total telephone subscribers as % of population | | 87.08% (2010) (sum of fixed telephone lines and mobile cellular subscribers) | | Internet users as % of total population | | 27% (Data were released in 2011 and refer to 2010) | | Cost of living index (ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive) | | Tbilisi: 191st (2011) | CO2 emissions
(Metric tons of CO2 per capita) | | 1.208 (2008) |
 GLOBAL FINANCE RANKINGS AND AWARDS WORLD'S BEST FOREIGN EXCHANGE BANKS2010:- COUNTRY WINNERS Bank of Georgia (National, 2010)
2009:- COUNTRY WINNERS Bank of Georgia (National, 2009)
WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS2011:- COUNTRY WINNERS Bank of Georgia (National, 2011)
2010:- COUNTRY WINNERS Bank of Georgia (National, 2010)
2009:- COUNTRY WINNERS Bank of Georgia (National, 2009)
WORLD'S BEST EMERGING MARKET BANKS2011:- COUNTRY WINNERS Bank of Georgia (National, 2011)
2010:- COUNTRY WINNERS Bank of Georgia (National, 2010)
2009:- COUNTRY WINNERS Bank of Georgia (National, 2009)
WORLD'S BEST SUB CUSTODIANS2011:- COUNTRY WINNERS Bank of Georgia (National, 2011)
2010:- COUNTRY WINNERS Bank of Georgia (National, 2010)
2009:- COUNTRY WINNERS Bank of Georgia (National, 2009)
WORLD'S BEST FOREIGN EXCHANGE PROVIDERS2011:- COUNTRY WINNERS Bank of Georgia (National, 2011)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE |
Country Economic Reports & GDP Data 
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