In comparison to Q3 2019, the GEO real property market increased by 4.7% in Q4 2019. While the annual increase was observed at 3.0% (YoY) compared to Q4 2018. Tbilisi dominated the real property market with a 40.7% share in total sales in Q4 2019. The Tbilisi market was followed by Adjara and Kakheti, with a respective 12.4% and 12.2% of GEO sales.

In 2019, Georgian power plants generated 11,865 mln. kWh of electricity. This represents a 2% decrease in total generation, compared to the previous year (in 2018, total generation was 12,149 mln. kWh) (Figure 1). The decrease in generation on a yearly basis comes from decrease in hydropower (-10%), more than offsetting the increase in thermal (+34%) and wind power generation (+0.5%).

In December 2019, Georgian power plants generated 1,012 mln. kWh of electricity. This represents a 3% increase in total generation, compared to the previous year (in December 2018, the total generation was 986 mln. kWh). The increase in generation on a yearly basis comes from the increase of 67% in thermal and 5% in wind power generation, more than offsetting the decrease in hydro power generation (-23%).

In November 2019, prices for food and non-alcoholic beverages, as measured by the Food Price Index (FPI), drastically increased by 13.4% compared to November 2018 and contributed 4.02 percentage points to the change in the total Consumer Price Index (CPI). In recent months, annual food inflation marked at its highest level since August 2011 (Figure 1).

In November 2019, Georgian power plants generated 913 mln. kWh of electricity. This represents a 1% increase in total generation, compared to the previous year (in November 2018, the total generation was 900 mln. kWh). The increase in generation on a yearly basis comes from the increase of 22% in thermal and 16% in wind power generation, more than offsetting the decrease in hydropower generation (-11%).