| Share
 

Georgia

Economy

Agriculture is an important occupation in Georgia, whose warmer districts produce large quantities of citrus fruits and tea; wine grapes, hazelnuts, tobacco, rice, and mulberry trees (for silk) are also grown. Sheep, pigs, and poultry are raised. Georgia is rich in minerals, notably manganese (mined mostly at Chiatura and in Imeritia) and copper; iron ore, coal, tungsten, barites, molybdenum, oil, and peat are also found. There are sizable deposits of marble, dolomite, talc, and clays for use in construction.

As part of the Soviet Union, Georgia had a large and varied industrial sector. Many industries collapsed after independence, and economic redevelopment has been hindered by warfare, corruption, and the effects of Russia's economic troubles. Today, there is food and beverage processing and the manufacture of steel, aircraft, machine tools, electrical appliances, chemicals, and wood products. The Black Sea shore is dotted with resorts and spas that attract numerous tourists. The construction of oil and gas pipelines from the Caspian Sea through Tbilisi to E Turkey have brought foreign investment and job opportunities. The Black Sea coast railway, the line from Batumi through Tbilisi to Bakı; the Georgian Military Road; and the Ossetian Military Road are the country's main transportation arteries. Georgia's sizable hydropower capacity is underdeveloped and it must import the bulk of its fuel. The chief exports are scrap metal, machinery, chemicals, fuel reexports, citrus fruits, tea, and wine. The main imports are fuels, machinery, transportation equipment, grain and other foods, and pharmaceuticals. The chief trade partners are Russia, Turkey, and Azerbaijan.

The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.

See more Encyclopedia articles on: CIS and Baltic Political Geography


Premium Partner Content
HighBeam Research

Related content from HighBeam Research on: Georgia: Economy

Just awful: Georgia. (economy) (The Economist (US))

Great game: Georgia.(improving economy in the country of Georgia) (The Economist (US))

Can Cultural Tourism Make Splash in Georgia's Economy? the Whale Sharks Swimming in the New Georgia Aquarium Are Just the First Big Catch the State's Economic Developers Are Hoping to Land. They're Counting on the Aquarium and Other Cultural Attractions to Haul in Big Bucks from a Rising Trend-Cultural and Heritage Tourism (EconSouth)

Cereal Manufacturer Fortifies Georgia's Economy (Area Development Site and Facility Planning)

The Changing of the Guard in Georgia's Workforce: As Georgia's Economy Seeks to Continue Increasing Its Productivity, a Few Longtime Stars in Atlanta Might Be Playing a Diminished Role. Where Will Workers Turn to Find Jobs as Large, Old Guard Firms Cut Payrolls? (EconSouth)

Study Results from University of Georgia Update Understanding of European Economies (Economics Week)

Women's work, men's work: the informal slave economies of lowcountry Georgia. (Labour/Le Travail)

Research from Georgia Institute of Technology Broadens Understanding of Developing Economies.(Brief article) (Economics Week)

When more is better: assessing the southeastern economy with lots of data.(Georgia, Florida, Alabama, Louisiana, Mississippi, Tennessee)(data application regarding employement, real earnings) (Economic Review (Atlanta, GA))

"The Global Economy Has Significantly Changed": An Interview with Dan Breznitz of the Georgia Institute of Technology (EconSouth)

Additional search results provided by HighBeam Research, LLC. © Copyright 2005. All rights reserved.

24 X 7

Private Tutor

Click Here for Details
24 x 7 Tutor Availability
Unlimited Online Tutoring
1-on-1 Tutoring