The National Statistics Office of Georgia (GeoStat) recently published its economic review for Quarter II 2021. The publication highlights that agricultural production decreased by -2.3% in the second quarter of the year compared to the same period of 2020. Furthermore, agriculture contributed to 7.8% of the country’s total GDP during this period.

In August 2021, Georgian power plants generated 1202 mln. kWh of electricity. This represents a 27% increase in total generation, compared to the previous year (in August 2020, the total generation was 949 mln. kWh). The increase in generation on a yearly basis comes from the increase of 20% and 94% in hydropower and thermal power generation, respectively.

This quarterly report provides an analysis of economic trends, as well as denoting the challenges and opportunities (in local, regional, and global contexts) in the selected value chains within six sectors to improve evidence-based decision-making by providing quality information and analytics. These specific sectors are tourism, creative industries, light manufacturing, shared intellectual services, waste management, and recycling, along with cross-cutting sectors.

The Gender Impact Assessment (GIA) of the Models for the Implementation of the Equal Pay Review and Reporting (EPRR) Methodology in Georgia was conducted by the ISET Policy Institute (ISET-PI) as part of its collaboration with UN Women within the scope of the project “Regulatory Impact Assessment and Gender Impact Assessment for Women’s Economic Empowerment in Georgia”.

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.