For the first quarter of 2023, business confidence in Georgia increased (by 8.4 index points) and reached 20.1. The highest business confidence is observed in the financial (35.6) sector.

In December 2022, the average cost of cooking one standard Imeretian khachapuri continued its upward trend and reached 6.99 GEL. The latest average price is 0.6% higher month-on-month (compared to November 2022) and 21.7% higher year-on-year (compared to December 2021).

Minor shifts in CCI. The Consumer Confidence Index decreased from -28.3 in October to -28.6 in November (a 0.3 index point decline). The sub-indices shifted marginally in different directions; the Present Situation Index rose by 0.2 index points, while the Expectations Index fell by 0.2 points.

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 November 2022, the average cost of cooking one standard portion of Imeretian Khachapuri continued its upward trend and reached 6.90 GEL. The latest average price is 4.9% higher month-on-month (compared to October 2022) and 27.3% higher year-on-year (compared to November 2021).