Geostat has published its preliminary estimate of real GDP growth for May 2024, which stands at 9.2%. In addition, the estimated growth for the first quarter of 2024 reached 8.4%, which is 0.6 ppt higher than the previous estimate. As a result, the average real GDP growth for January - May 2024 reached 9.3%.

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%.

On May 1 ReforMeter and the USAID Economic Governance Program hosted a public-private dialogue to discuss the progress of tourism reform with local stakeholders in Ambrolauri, Racha, Georgia.

On 13 February, the ISET Policy Institute and the USAID Economic Governance Program, within the framework of a joint project, hosted a roundtable discussion regarding the various challenges and prospects of digital transformation in the tourism industry.

On 25 September ReforMeter, the USAID Economic Governance Program, and the Georgian Tourism Industry Alliance jointly hosted a public-private dialogue to discuss the progress of tourism reform with local stakeholders in Kutaisi, Georgia.