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October 2022 | Agri Review
03 October 2022

The National Statistics Office of Georgia (GeoStat) recently published its economic review for II Quarter 2022. Their publication highlights that agricultural production increased by 10.9% in the second quarter of the year compared to the same period of 2021.

Quarter 2 2022 | Macro Review: The Georgian economy shows resilience in Q2 2022, despite the global headwinds from the war on Ukraine
03 October 2022

Following the tentative recovery observed in 2021, global economic conditions worsened significantly in 2022 (IMF, July 2022). Russia’s invasion of Ukraine on 24 February 2022 caused global economic growth estimates to drop for the first time since 2020.

September 2022 | Georgia’s growth forecast soars on positive trade, tourism, and remittances data. War in Ukraine remains prime concern.
28 September 2022

Recently, Geostat has released the preliminary estimate of real GDP growth for the second quarter of 2022, which now stands at 7.1%.

August 2022 | Electricity Market Review
26 September 2022

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).

Quarter 1 2022 | Macro Review: A perilous road ahead: the Georgian economy at the start of Russia’s war on Ukraine
01 July 2022

Russia’s invasion of Ukraine has profoundly affected nearly every aspect of the global economy, from food and energy security to supply chains and financial markets. The World Bank (June 2022) estimates that the 2021 5.5% rebound global growth is therefore expected to drop to 2.9% y/y in 2022.

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