Similar to the year 2022, Georgia stayed on the path of economic recovery from COVID-19 in 2023 as well. According to GeoStat’s preliminary estimates, the real GDP continues to show a relatively high growth rate, measuring at 7.5% y/y in 2023 – which is remarkably higher than the NBG’s real GDP growth expectation of 6% from October 2023.
Political polarization erodes trust in public institutions, it damages political process, negatively affects economic development, distracts social development and relationships in society, and it may eventually lead to the backsliding of democracy.
Geostat has released its rapid estimate of real GDP growth for January 2024. The estimated growth stands at 5.8%, while the estimated growth of 2023 reached 7.5%.
In February 2024, Georgian power plants generated 1,022 mln. kWh of electricity. This represents a 3% increase in the total generation compared to the previous year (in February 2023, the total generation was 987 mln. kWh).
The Index shows an increase in media polarization since 2020, particularly acute since early 2022. While the Index captures significant polarization around specific events like elections, its response varies across different events and developments.