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In September 2021, Georgian power plants generated 1101 mln. kWh of electricity. This represents a 26% increase in total generation, compared to the previous year (in September 2020, the total generation was 877 mln. kWh). The increase in generation on a yearly basis comes from the increase of 49% in hydro power generation. Meanwhile, there was a 37% and 15% decrease in thermal power and wind power generation, respectively.
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The global economy continues to recover in Q2 2021 following the deep economic crisis caused by the COVID-19 pandemic in 2020. The growth accelerated as a result of the easing of virus-containment restrictions in most countries. IMF (July 2021) estimates that global GDP growth will reach 6% year over year (y/y) in 2021. Though this rebound is uneven – compared to the previous estimates (April 2021), growth projections for emerging markets and developing economies are revised downward.
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In September 2021, the average cost of cooking one standard Imeretian khachapuri stood at 4.80 GEL, which is 0.6% lower month-on-month compared to August 2021, and 14% higher year-on-year compared to September 2020.
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The National Statistics Office of Georgia (GeoStat) recently published its economic review for Quarter II 2021. The publication highlights that agricultural production decreased by -2.3% in the second quarter of the year compared to the same period of 2020. Furthermore, agriculture contributed to 7.8% of the country’s total GDP during this period.
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In August 2021, Georgian power plants generated 1202 mln. kWh of electricity. This represents a 27% increase in total generation, compared to the previous year (in August 2020, the total generation was 949 mln. kWh). The increase in generation on a yearly basis comes from the increase of 20% and 94% in hydropower and thermal power generation, respectively.