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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.

June 2024 | Resilient GDP growth forecast despite trade and remittance challenges in April
24 June 2024

Geostat has published its preliminary estimate of real GDP growth for April 2024, which stands at 11.8%. In addition, the estimated growth for the first quarter of 2024 reached 7.8%.

April 2024 | Electricity Market Review
24 May 2024

In April 2024, Georgian power plants generated 1,085 mln. kWh of electricity. This represents a 13% decrease in the total generation compared to the previous year (in April 2023, the total generation was 1,249 mln. kWh). The fall in generation on a yearly basis comes from a decrease in generation of hydro, thermal and wind power plants by 12%, 25% and 10%, respectively.

May 2024 | Economic growth stays strong despite risks: export/import drops, remittance challenges, and low inflation
24 May 2024

Geostat has published its preliminary estimate of real GDP growth for March 2024, which stands at 8.2%. In addition, the estimated growth for the first quarter of 2024 reached 7.8%.

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