Consumer confidence decreases over the summer. After the upward trend observed starting in April, consumer confidence fell in July and August to almost equal levels, with a slight increase in August. In July, the overall index decreased by 2.3 points, from -32.1 in June to -34.4 in July. In August, it slightly increased to -34.2.

Recently, Geostat has released the preliminary estimate of real GDP growth for the second quarter of 2021, which now stands at 29.9%. The real GDP growth rate reached 9.9% year-on-year in July 2021. Consequently, the estimated real GDP for the first seven months of 2021 amounted to 12.2%.

More gender equity means more development. Improving gender equity is not only a goal with an intrinsic value. A substantial body of research highlights the linkages between gender equity and the achievement of other development goals, such as health, education, social and economic rights fulfillment, and even growth.

In July 2021, Georgian power plants generated 1240 mln. kWh of electricity. This represents a 23% increase in total generation, compared to the previous year (in July 2020, the total generation was 1010 mln. kWh). The increase in generation on a yearly basis comes from the increase of 29% in hydropower generation, while there was a decrease of 91% and 11% in thermal power and wind power generation, respectively.

The Residential Sales Price Index (SPI) for Tbilisi increased moderately in April and May of 2021, however it decreased slightly in June and amounted to 114.4 index points (equaling 100 in the base period of January 2019). Compared to the second quarter of 2020, the SPI showed an increase in Q2 2021 – with the largest change of 7.9% (YoY) in June 2021.