needed for the rehabilitation of old deteriorated existing systems and expansion of access to piped water supply to an additional 0.5 million people if the target 10 were to be met. Given current low level of investments in the sector,
it is unlikely that Georgia will meet this target.
3. Economics
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3.1 Main economic indicators
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Sectoral Growth . Agriculture, industry, trade and transport dominate the structure of the Georgian economy. Agriculture is the largest sector accounting for just under 20 percent of GDP and 50 percent of employment, although its share in GDP has decreased steadily (from over 30 per-cent of GDP in 1996). Industry contributes about 14 percent of GDP and 6 percent of employment, with its share changing little. The share of transport and telecommunications has nearly tripled from 4.6 percent in 1996 to 12.1 percent by 2002. Transport has been the fastest growing sector, growing at over 20 percent annually because of the rapid expansion of oil transit from the Caspian Sea. Although transport turnover has tripled, it is still at one third of the pre-independence level. Other fast growing sectors include construction and financial services. Trade has grown slightly faster than overall GDP. Sectoral growth index is presented in Fig. 3.1.1.
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According to information from 2001 88.6% of the economically active population was employed, thus the unemployment rate was 11.4%.
The distribution of the employed work force by economic sectors is as follows:
Sector
%
Agriculture & forestry, fishery
53,4
Mining Industry
0,3
Processing Industry
6,5
Energy, gas or water production and supply
1,2
Construction
1,6
Trade & household goods technical service
8,6
Hotels & Restaurants
0,9
Transport, Warehouse economy and communications
4,0
Financial mediation...
