May 2024 | A notable drop in CCI
08 July 2024

A sharp decrease in CCI. The declining trend that started in April continued in May, with the Consumer Confidence Index dropping by 9.5 index points – from -17.8 in April to -27.3 points in May. The decline was present in both CCI sub-indices, however, it was more prominent in the Present Situation Index. Namely, the Expectations Index declined by 5.5 index points, while the Present Situation Index decreased by 13.4 points.

June 2024 | Media (de)Polarization Index
01 July 2024

Following a peak in polarization in May, attributed to the adoption of the 'Law of Foreign Influence,' there was a dramatic decline in polarization throughout the first month of summer. This decrease coincided with the successful participation of the Georgian football team in Euro 2024, which fostered a sense of national unity and pride.

June 2024 | Khachapuri Index increased by 2.9%
28 June 2024

In June 2024, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6 GEL. After three months of a declining trend, the index increased by 2.9% compared to May 2024. On an annual basis, the average price is 6.8% higher than in June 2023.

Quarter 1, 2024 Macro Review | Georgia’s robust growth amid global recovery challenges
28 June 2024

According to GeoStat’s preliminary estimates in the first quarter of 2024, Georgia’s nominal GDP reached GEL 18,913.2 million, with a year-over-year real GDP growth of 8.4% and a GDP deflator change of 3.1%. The growth was driven by significant increases in value-added across various sectors: Real estate activities rose by 18.8%, Education by 29.1%, Public administration and defence, including social security, by 13.0%, Construction by 10.3%, Information and communication by 12.2%, and Transportation and storage by 9.7%.

May 2024 | Electricity Market Review
24 June 2024

In May 2024, Georgian power plants generated 1,411 mln. kWh of electricity. This represents a 6% increase in the total generation compared to the previous year (in May 2023, the total generation was 1,325 mln. kWh). The rise in generation on a yearly basis comes from an increase in generation of hydropower plant by 7%, while the generation of thermal and wind plants decreased by 100% and 14%, respectively.