<\/a>With an economy based on the cultivation of agricultural products such as grapes, citrus fruits, and hazelnuts, mining of manganese, copper, and gold, and output of a small industrial sector producing alcoholic and nonalcoholic beverages, metals, machinery, and chemicals, Georgia\u2019s GDP was of $27.11 billion in 2012. The GDP slowed due to the conflict with Russia in 2008 and managed to rebound only between years 2010 and 2012, when the economic growth rate reached 6.5% in 2012. Despite all these foreign direct investment (FDI) inflows, the engine of Georgian economic growth prior to the 2008 conflict, have not recovered fully, neither the unemployment rate, which has also remained high at above 15%. With a GDP per capita of $6,000, 9.2% of the total population of Georgia lives below World Bank\u2019s poverty line. Georgia\u2019s long term challenge remains the renewed growth and in order to achieve this goal is determined to continue to liberalize the economy by reducing taxes, regulation, and corruption in order to attract foreign investment, with a focus on hydropower, agriculture, tourism, and textiles production.<\/p>\n