According to the preliminary statistics released by GeoStat, Georgia’s real GDP growth was 4.5% year over year (y/y) in Q2 2019, which fell slightly below the 4.8% growth predicted by ISET-PI’s GDP forecast from July. As economic growth constituted 4.9% y/y in Q1, the Georgian government’s 4.5% target of real GDP growth for 2019 does not seem overambitious.
In September 2019, the average cost of cooking one standard Imeretian khachapuri reached 3.64 GEL, which is 3.0% higher month-on-month (compared to August 2019), and 2.3% higher year-on-year (compared to September 2018). The price of khachapuri increased in all four major cities of Georgia: Tbilisi, Batumi, Kutaisi, and Telavi.
This study explores the factors behind the improvements in Sex Ratio at Birth (SRB) in Georgia over the last 15 years. It combines quantitative and qualitative analysis. Focus groups, in-depth interviews, and econometric analysis have highlighted the following determinants of SRB improvements: improved economic conditions, reduced poverty, increasing the economic share of the service sector (creating new job opportunities for women in banking, retail trade and other
According to the Georgian socio-economic development strategy, “Georgia 2020”, the economic politics of the Georgian government is based on the following principles:
A nationally representative sample of around 350 Georgians, interviewed (every month) in early July and August 2019, reveals that overall the Consumer Confidence Index (CCI) has deteriorated by 2.4 index points since the two previous months, from -15.6 in June to -16.8 in July and to -18 in August.