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Georgia gained independence from the Soviet Union in 1991. Since 1991,
the government has adopted a new constitution, held multiparty parliamentary and presidential elections, and worked
to establish the rule of law. The country has sought to maintain and consolidate democracy over the last decade
in the face of the instability created by a coup, a civil war, and economic hardship.
Economic and Social Indicators
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Population:
GNP:
Per Capita GNP:
Growth Rate:
Illiteracy Rate:
Life Expectancy:
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5 million
$4.6 billion
$840
figures unavailable
figures unavailable
69-males
77-females |
The World Bank. World Development Report. Oxford Union Press,1999
Georgia has emerged as the most successful of the former Soviet republics
making the transition to democracy. Political parties can freely organize and contest regular elections, and the
press operates without constraints. The Georgian parliament enjoys a separation of power from the executive branch
and is a genuine forum for opposition voices. Georgia's first post-independence local elections were held in fall
1998. In recognition of its progress, Georgia was admitted this January as a full member of the Council of Europe.
Georgia still confronts major obstacles to its political and economic transformation. The challenges include achieving
reconciliation with secessionist territories and adequately addressing the resulting refugee crisis. Coup attempts
and other efforts to destabilize the country are frequent. Widespread unemployment and wage arrears keep living
standards low. Large parts of the country lack electricity.
Since independence, Georgia has been engaged in the transition to a market economy. The Parliament has passed laws
on privatization, land reform, and tax collection, as well as legislation allowing foreigners to own property in
Georgia.
The majority of state industries have been privatized, the currency has stabilized, and free market reforms have
been aggressively pursued. Georgia has become a trade crossroads as oil, cotton, and other natural resources from
the Caspian Basin and Central Asia are transported to Western markets.
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