ISET

Business confidence remains negative

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Georgia municipal liveability index

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WHO WE ARE

ISET Policy Institute is a non-partisan, scientific economic research center committed to producing high-quality, academically grounded analysis in the field of economics. ISET Policy Institute’s work adheres to scholarly standards and is grounded in scientific methods. ISET Policy Institute maintains a portfolio of regular economic indices and scientific research publications. It conducts technical, economic, and sectoral analysis and descriptive or comparative research. ISET Policy Institute designs and applies advanced economic and quantitative analytical tools and data analysis technics.

Energy

Environment

Macroeconomy

Rural Development

Agriculture

Green Sustainability

RIAcademy

Gender

Climate

Covid 19

Indexes

Agri Review

Summarizes the major developments in the agricultural sector and provides brief analysis of the related economic indicators.

Business Confidence Index

Comprises seven sector-specific sub-indices covering services, retail trade, agriculture, manufacturing, financial services, construction and other sectors.

Consumer Confidence Index

Measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation.

Electricity Market Review

Analyses the main trends and key events in Georgia’s electricity market.

Energy Market Review: Discontinued

Analyses the main trends and key events in Georgia’s energy sector, including electricity, oil, and gas.

GDP Forecast

Provides current-quarter and one-quarter-ahead GDP forecasts for those who need to make business and policy decisions and cannot wait until the official statistics are announced several months later.

Khachapuri Index

Inspired by the Big Mac Index of the Economist magazine, it tracks inflation by using the most popular Georgian Food, the Khachapuri.

Macroeconomic Review

Offers a comprehensive review and an economic interpretation of the existing data trends, which are based on monthly statistics from GeoStat, NBG, and other sources.

REMLab: Discontinued

According to the best global practices, residential and commercial real estate price indices are calculated using several measures

Publications

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Date

Georgia municipal liveability index

Economic development of the municipalities (outside capital) is one of the key sustainable development challenges in Georgia. The capital city of Tbilisi, while accounting for nearly 1/3 of the country’s population generates 50% of GDP and keeps expanding, whereas the municipalities, with few exceptions, are losing population and suffering from high incidence of poverty, unemployment, and slow and weak economic development.

Date

18 November 2024

RIA SME test methodology and practical guide for Georgia

This is a working note outlining the initial processes behind the SME Test Methodology. It is a notable deliverable part of the Developing an RIA SME Test Methodology for Georgia, while strengthening the capacity of the Government of Georgia to utilize SME RIA tools in practice Project, as funded by the UNDP and led by ISET Policy Institute.

Date

Persistent struggle: navigating the high food prices in Georgia

Increases in food prices and their volatility are global challenges, particularly affecting import-dependent developing countries where spending on food is relatively high. While major concerns regarding price dynamics and volatility are typically driven by the physical availability and financial accessibility of food.

Projects

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Development of Methodology for Child-Rights-Based Budget Analysis

The project, Development of Methodology for Child-Rights-Based Budget Analysis, funded by UNICEF, aims to create a systematic approach for analyzing public budgets in Georgia through the lens of child rights. Its objective is to ensure that public financial decisions prioritize children’s needs, promote equity, and align with international standards such as the UN Convention on the Rights of the Child.

01.01.2025

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Enhancing Export Potential of Georgian SMEs in Selected Sectors

This joint initiative by ISET Policy Institute and Policy and Management Consulting Group, supported by the United Nations Development Programme (UNDP) and the European Union (EU), aims to boost Georgian SMEs' exports to European markets.

02.09.2024

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News and Events

ISET Policy Institute hosts first regional MAIS3+ webinar for EaP RSO member cuntries

Georgia’s engagement spotlighted at the World Bank’s Growth Academy 2025 in Bucharest

ISET Economist Blog

Elene Tskhomelidze

Attracting high spending international tourists to Georgia

In 2022, Georgia’s tourism sector still heavily relied on visitors from neighboring countries. The combined share of Russia, Turkey, Armenia, and Azerbaijan accounted for 62% of the total international visitors' trips. It is important to note that these countries had relatively low levels of expenditure per visit.

Elene Kvanchilashvili

RIA accountability

The majority of those of us who work in the media, and I am probably not being biased if I say particularly those of us who work in the business media, were eagerly awaiting the implementation of the Regulatory Impact Assessment (RIA) mechanism in our country.

Water resource management reform: current situation and expectations

In Georgia, a new law on “Water Resources Management" has been drafted, which involves significant and complex legislative changes. The country will have a new, unified system of managing water resources based on international approaches after the proposed law is implemented, satisfying the requirements set forth in the Association Agreement (AA) concluded with the European Union (EU).