03
February
2025
In January, several significant events marked Georgia's political landscape: journalist Mzia Amaghlobeli's arrest and subsequent hunger strike, an assault on Giorgi Gakharia, Donald Trump's inauguration, the European Union's suspension of visa-free travel for Georgian diplomatic passport holders, and Georgian Dream's withdrawal from the Parliamentary Assembly of the Council of Europe. Political polarization remained at high levels, showing no improvement from previous years.
24
January
2025
For the first quarter of 2025, business confidence in Georgia decreased (by 8.8 index points) and reached -5.0. The highest decrease in business confidence is observed in the service (-21.5) sector. The negative change in BCI for Q1 2025 was driven by decreased past performance as well as pessimistic expectations.
22
January
2025
Geostat has published its preliminary estimate of real GDP growth for November 2024, which stands at 7.5%. In addition, the estimated growth for the first, second, and third quarters of 2024 reached 8.7%, 9.7%, and 11%, respectively. Consequently, the average real GDP growth from January to November 2024 reached 9.4%.
08
January
2025
According to GeoStat’s preliminary estimates in the second quarter of 2024, Georgia’s nominal GDP reached GEL 24,855.7 million, with a year-over-year real GDP growth of 11.0% and a GDP deflator change of 4.3%. The growth was driven by significant increases in value-added across various sectors: Education activities rose by 35.6%, Information and communication rose by 32.8%, Construction by 30.9%, Financial and insurance activities by 22.9%, Public administration and defense, including social security by 14.7% and Wholesale and retail trade, including repair of motor vehicles and motorcycles by 11%. Conversely, there was a decline in value-added in electricity, gas, steam, and air conditioning supply by 13.6% and in Real estate activities by 4.9%.
01
January
2025
The project, Development of Methodology for Child-Rights-Based Budget Analysis, funded by UNICEF, aims to create a systematic approach for analyzing public budgets in Georgia through the lens of child rights. Its objective is to ensure that public financial decisions prioritize children’s needs, promote equity, and align with international standards such as the UN Convention on the Rights of the Child.
