Geostat has released its rapid estimate of real GDP growth for November 2023. The estimated growth stands at 5.9%, while the average real GDP growth for January-November 2023 reached 6.9%.
On March 29, the ISET Policy Institute hosted a policy presentation on the economic impact of
According to the data, Georgia holds 5th place in the world in terms of entries from Russia in January-September 2022 (with 662,852 exits of Russian citizens from Russia to Georgia-controlled territories recorded in the first 9 months, or 4% of the total recorded exits from Russia).
According to Geostat's report titled “Tendency of Economic Growth, Indicators of Monthly Economic Statistics”, the real GDP growth in the fourth quarter of 2022 is estimated to be 9.5%, which has contributed to an overall annual real GDP growth of 10.1% in 2022.
In a recent ISET Economist blog post, Luc Leruth explores the notion of a spatial fracture in Georgia. He wonders whether people will become accustomed to working remotely, with the COVID crisis having given them this fresh opportunity. If so, this could help decrease the strain on Tbilisi infrastructure by slowing down migration to the capital. Will COVID, unexpectedly, convince people to continue working remotely and settle outside Tbilisi in the countryside?