This annual report provides an analysis of economic trends, as well as denoting the challenges and opportunities (in local, regional, and global contexts) across selected value chains within six sectors to improve evidence-based decision-making through the provision of quality information and analytics.

ISET-PI’s forecast of real GDP growth for the third quarter (July-September) of 2022 decreased by 0.1 ppt to 16.4% compared to the last month’s prediction. The third estimate for the fourth quarter (October-December) growth forecast remains unchanged at 17.3%.

Recently, Geostat has released the preliminary estimate of real GDP growth for the second quarter of 2022, which now stands at 7.1%.

Both Russia and Ukraine are among the top five export destinations for Georgia. Ukraine accounted for 9.5 per cent of Georgia's exports in January 2022, while Russia accounted for 12.9 per cent (prior to the Russian invasion of Ukraine on 24 February 2022).

On 23 May ISET Policy Institute, in partnership with Policy and Management Consulting Group (PMCG), presented a summary of the findings of the Value Chain Analytics (VCA) project to the public. The event brought together public and private sector stakeholders along with representatives of international organizations.