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georgia_economics Georgia's economy

Georgia's economy

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rating_star Georgia's economyrating_star Georgia's economyrating_star Georgia's economyrating_star_blank Georgia's economyrating_star_blank Georgia's economy
 

Georgia's economy

Due to privileges such as geographical location and suitable climate, advanced agriculture, mines, exploitation of industries and the tourism industry were among the wealthiest former Soviet republics; and their people enjoyed a high standard of living. But after the collapse of the USSR in the year 514, the outbreak of civil wars in the 5th and 6th centuries saw the Georgian economy as a newly independent country in severe crisis.

  • Agriculture
      
  •    Industry
  •      mines
  •      Tourism
  •      Services
  •      References

 

Agriculture

333px-001_georgia_tusheti-061 Georgia's economy
 

Prior to the year 801, Georgia exported a wide range of food and agricultural products and was a major supplier of vegetables, fruit, tea, liquor and citrus to other Soviet republics. After Georgia's independence, traditional markets were lost and overall production levels declined due to political and economic problems.

Due to its location in the humid orbital area, citrus and tea cultivation is thriving in the country.

In the agricultural sector, cereals, industrial crops, potatoes, vegetables and forage crops are grown.

In 2008, Georgia accounted for 2.5% of Georgia's total workforce.


Industry

The industry is the main branch of the Georgian economy and plays a large role in the economic development of the country. Georgia's industries were closely linked to the economies of other Soviet republics and were heavily dependent on Russia and other Soviet republics for supply of raw materials, energy and spare parts, and therefore suffered considerable losses in its post-independence years. By the year 9, almost one-third of Georgian factories had ceased production.

Of Georgia's industrial products, the food industry accounts for 3.5%, the light industry 2.5%, the machinery industry and the metal industry account for 1.5% of the total industrial output.

There are also industrial manufacturing companies in the country. Manufacture of glass and crystal containers are ceramic artifacts from other fields of industrial activity in Georgia.

In Georgia, light industry has expanded widely. In Tbilisi, Kutaisi, Batumi, Sukhumi and some other cities, consumer goods companies such as woolen, silk and cotton, clothing, footwear, knitwear and knitwear are employed. Food industry establishments include tea mills, wine making, canned and compote production, perfume and cologne, tobacco, pastry, meat, milk and many more.
mines

222px-Georgia-Tschiatura-W Georgia's economy
 

Georgia has numerous mines, the most important of which are: coal, manganese, refractory soil, barite ferrous, agate, marble, iron ore, arsenic, molybdenum, tungsten and mercury. Despite significant mines in Georgia, due to various reasons, such as the lack of technology and financial resources, it was not possible to fully identify and exploit these mines during the Soviet Union.

The world's largest manganese mine is located in Georgia. The mine, located near the town of Chiatura near the port of Poti, is 2 square kilometers and its manganese reserves are estimated at 5 million tons.

Georgia produced 8,000 tonnes of coal, 6,000 tonnes of copper, 4,000 tonnes of cement and 2 tonnes of gold.
Tourism

Tourism is one of the most important service sectors of Georgia, which plays an important role in its economy. This important part of the pre-independence period was well-flourished.

In the year 9, the number of tourists arriving in Georgia was reported to be 4.3. Earnings from this segment were $ 5 million in year 4.

Georgia is one of those destinations that has a special plan in place to attract Iranian tourists.


 Services

The Georgian economy is largely dependent on the service sector and its role in the economic structure of Georgia has gradually increased. One of the most important examples of this sector is tourism, which plays an important role in the service sector.

 

Contact our consultants for any investment in Georgia: + 596693000-995

 

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