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Key Economic Data
  2003 2002 2001 Ranking(2003)
Millions of US $ 3,937 3,324 3,100 126
GNI per capita
 US $ 830 650 590 145
Ranking is given out of 208 nations - (data from the World Bank)

Books on Georgia


Update No: 358 - (26/10/10)

The aftermath of a disaster
In March 2008 the president of Georgia, Mikhail Saakashvili, got it into his head that it was sensible to invade South Ossetia that had every reason to cleave to North Ossetia in Russia. It was an almost incomprehensibly foolish move.

The Southern Ossetians are blood brothers and sisters of the North Ossetians, inside Russia, 80% of whom are reliant on Russian state pensions and the like. They are deemed by the Russian state as Russian citizens. They have a strong ethnic affinity with their northern brothers and sisters.

Georgia today after several wars is a much poorer country than Russia (it was not always so). It was once the richest republic of the USSR.

It suffered terribly in the break-up of the Soviet Union. It was not only South Ossetia that was restless to break away –so was Abkhazia on the Black Sea.

Innumerable refugees fled to Georgia proper, 150,000 from Abkhazia alone. This is always a massive human problem. It has diminished the GDP of Georgia by decimals and decades.

The master of a disaster
Mikhail Saakashvili is a clever man. How could he have imagined that the US, where he received higher education, would come to his help when they are entangled in two conflicts that are not going at all well?

Consequently he is not at all popular at home.

Domestic denunciation

The Head of the Georgian Labour Party Shalva Natelashvili has urged the European Union and the United States to apply sanctions to President Saakashvili.

According to the opposition politician, Saakashvili’s performance results can only be seen as criminal.

The so-called national leader, Natelashvili says, launched, in summer 2008, a military adventure that proved ruinous to Georgia; he turned the country into a colony of the West, deprived businessmen and farmers of access to the Russian market, and cut off ways to talks with Moscow.

Natelashvili adds that the EU and the US should impose diplomatic and property sanctions against Saakashvili and his entourage. 

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