30
June
2021
On 15 June 2021, the National Statistics Office of Georgia published its annual publication for the agricultural sector - Agriculture of Georgia 2020. According to the publication, agriculture, forestry, and fishing comprised 8.4% of GDP in 2020, higher than the 7.2% share in 2019, but in line with the general trend over the last five years (agricultural GDP comprising on average 7-8% of GDP).
30
June
2021
In May 2021, Georgian power plants generated 1221 mln. kWh of electricity. This represents a 24% increase in total generation, compared to the previous year (in May 2020, the total generation was 986 mln. kWh). The increase in generation on a yearly basis comes from the increase of 26% in hydropower generation, as well as, from increase in the generation of wind power by 10%.
22
June
2021
In the third and the fourth quarters of 2020, Georgian power plants generated 2,958 mln. and 2,594 mln. kWh of electricity, respectively. This represents a 9.6% decrease and 2.4% increase in total generation compared to the corresponding periods of the previous year.
21
June
2021
The World Bank (June 2021) estimates that global GDP growth will reach 5.6% year over year (y/y) in 2021. Though thus rebound is uneven, with growth concentrated mainly in advanced economies and developing countries set for a slower recovery.
10
June
2021
After a decline in January 2021 compared to December 2020, the Tbilisi Residential Sales Price Index (SPI) showed an upward trend in Q1 2021, increasing from 110.7 index points in January 2021 to 113.5 index points in March 2021 (the index is equal to 100 in the base period, January 2019).
