01
February
2021
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 analysis tracks trends from 2014 to the third quarter of 2020.
29
January
2021
In 2020, Georgian power plants generated 11,160 mln. kWh of electricity. This represents a 6% decrease in total generation, compared to the previous year (in 2019, total generation was 11,865 mln. kWh). The decrease in generation on a yearly basis comes from decrease in hydro (-8%) and thermal power (-1%), more than offsetting the increase in wind power generation (+7%).
29
January
2021
In January 2021, the average price of cooking one Imeretian khachapuri stood at 4.84 GEL. Compared to the previous month (December 2020) the Khachapuri Index lost 3.5%. In annual terms (compared to January 2020), however, the index added 12.6%. As shown in the chart, all khachapuri ingredients except eggs contributed to the yearly inflation of the Khachapuri Index. The price of only one ingredient – eggs – decreased by 1.9% compared to the previous year (January 2020).
25
January
2021
On the 25th of January, the Agricultural Policy Research Center attended a hearing of the draft law on agritourism by the sectoral committee of the Parliament of Georgia, during which our research team presented the findings of the Regulatory Impact Assessment (RIA) of the draft law and discussed the associated socio-economic benefits and costs.
25
January
2021
The real GDP growth rate amounted to -7.7% year-on-year for November 2020. Consequently, the estimated real GDP for the first eleven months of 2020 was -5.9%. Recently, Geostat has released its preliminary estimate of real GDP growth for the third quarter of 2020. The Q3 growth rate was -5.6% (down by 0.5 ppt relative to the forecast).
