Geostat has updated its estimates for the first three quarters of 2022, Q1 2022 growth rate now stands at 15%, while the annual growth rates for Q2 and Q3 slightly increased to 7.2% and 9.8%, respectively. The real GDP growth estimate for the first eleven months of 2022 is 10%.

In October 2022, Georgian power plants generated 1,034 mln. kWh of electricity. This represents a 13% decrease in the total generation compared to the previous year (in October 2021, the total generation was 1,192 mln. kWh). The decrease in the generation on a yearly basis comes from a decline of 11%, 17%, and 25% in hydro power, wind power, and thermal power generation, respectively.

In September 2022, Georgian power plants generated 1,194 mln. kWh of electricity. This represents an 8% increase in the total generation compared to the previous year (in September 2021, the total generation was 1,101 mln. kWh).

In the first and the second quarters of 2022, Georgian power plants generated 3,107 mln. and 3,663 mln. kWh of electricity, respectively. This represents a 27.9% and 35.3% increase in total generation compared to the corresponding periods of the previous year (in 2021, the total generation in Q1 was 2,429 mln. kWh and 2,708 mln. kWh in Q2).

In August 2022, Georgian power plants generated 1,401 mln. kWh of electricity. This represents a 16% increase in the total generation compared to the previous year (in August 2021, the total generation was 1,203 mln. kWh).