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The Georgian economy

(USD millions)
1999
2000
2001
2002
2003(e)
2004(f)
Economic growth (%)
3.0
1.9
4.7
5.6
4.8
4.5
Inflation (%)
19.1
4
4.7
5.6
4.4
5
Public-sector balance (%GDP)
-6.7
-4
-2
-2
-1.4
0.2
Exports
477
528
473
469
521
556
Imports
1,013
937
935
944
1240
1312
Trade balance
-536
-409
-462
-475
-719
-756
Current account balance (%GDP)
-7.8
-5.8
-5.6
-6.0
-11.1
-10.8
Foreign debt
1,706
1,613
1,712
1,858
1,958
1,941
Debt service (%Exports)
6.0
9.3
6.4
10.5
14.9
16.2
Currency reserves (import months)
1.2
0.9
1.4
2
1
1

(e) estimated (f) forecast

Source: Cofacerating

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