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Energy Imports, Domestic Production, and Energy Security: Dynamics, Challenges, and the Importance of Developing Renewable Energy Sources in Georgia
22 November 2021

The International Energy Agency provides a definition of energy security across two dimensions.

Quarter 3-4, 2020 | Energy Market Review
22 June 2021

In the third and the fourth quarters of 2020, Georgian power plants generated 2,958 mln. and 2,594 mln. kWh of electricity, respectively. This represents a 9.6% decrease and 2.4% increase in total generation compared to the corresponding periods of the previous year.

Quarter 1-2, 2020 | Energy Market Review
08 February 2021

In the first and second quarters of 2020, Georgian power plants generated 2,893 mln. and 2,797 mln. kWh of electricity, respectively (Figure 1). This represents a 1.5% and 9.7% decrease in total generation compared to the corresponding periods of the previous year (in 2019, the total generation in Q1 was 2,936 mln. kWh and 3,097 mln. kWh in Q2).

December 2020 GDP Forecast | Decline in Global Oil Prices Drives Trade Balance and Inflation Rate Improvements in Georgia
16 December 2020

The real GDP growth rate amounted to -3.9% year-on-year for October 2020. Consequently, the estimated real GDP for the first ten months of 2020 was -5.1%. Recently, GeoStat released its preliminary estimate of real GDP growth for the first and second quarters of 2020. The Q1 and Q2 growth rates were revised downward to 2.2% (by 0.1 ppt) and -13.2% (by 0.9 ppt) respectively.

November 2020 GDP Forecast | 2020 brought epidemic, war and oil crisis to the Caucasus – but the outlook is brighter for 2021
19 November 2020

Geostat has updated its GDP growth estimate for the third quarter of 2020. The Q3 growth rate stands at -3.8%. As a result, the real GDP growth estimate for the first nine months of 2020 is -5%. As a result of the update, the growth forecast for Q4 of 2020 was revised to -3.3%. ISET-PI’s first forecast for Q1 of 2021 puts GDP growth at -1.4%.

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