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According to Geostat's report titled “Tendency of Economic Growth, Indicators of Monthly Economic Statistics”, the real GDP growth in the fourth quarter of 2022 is estimated to be 9.5%, which has contributed to an overall annual real GDP growth of 10.1% in 2022.
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Historically, hazelnuts have been one of Georgia’s main crops in terms of economic value; as the country is located on the Black Sea coastal area, which has suitable soil and climate conditions for growing hazelnuts. Even as early as the fourth century B.C., populations grew wild forms of hazelnut, which later adapted to local conditions and formed regional varieties (GEONUTS, 2023).
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Slight shifts in CCI. After a moderate CCI decline in November, the Index began to improve (from -28.6 in November to -27.7 in December) but then shifted back down to -28.1 by January.
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ISET Policy Institute, in partnership with UNDP, has launched a new project, entitled "Developing RIA SME Test Methodology for Georgia", with the aim of strengthening the Government’s capacity to analyze policy impacts on SMEs by providing essential tools, knowledge, and practical experience.
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In 2022, Georgian power plants generated 14,247 mln. kWh of electricity, record high generation for a single year. This represents a 13% increase in total generation, compared to the previous year (in 2021, total generation was 12,645 mln. kWh).