The last article on the world’s fastest-growing economies was published by Forbes Georgia in 2019. Subsequently, in the following year,…
Beso Namchavadze
What Drove Georgian Economic Growth in the First Half of 2023?
The Georgian economy grew by 10.1% in 2022. In 2023, however, the economic growth rate started to decrease. Year-on-year growth…
The Top 10 Countries That Rely on Tourism the Most
Tourists spent more than $1 trillion globally in 2022. After the pandemic induced crisis, the tourism sector largely recovered last…
Georgia is Bringing Back Tourists Lost During the Pandemic
The economic welfare of the Georgian population depends significantly on revenues from tourism. From a macroeconomic point of view, the…
Why Does Georgia Have Low Wages?
The average monthly salary of employed personnel in Georgia is GEL 1,600. However, average disposable income after tax is GEL…
Where Are Georgia’s Top 10 Exported Goods Being Sold?
In 2022, The export of goods from Georgia increased by32% year-on-year to $5.6 billion. However, the share of re-exports out…
What Impact Will the Russia-Ukraine War Have on the Georgian Economy?
On the 24th of February, Russia initiated a full-scale war in Ukraine, which had an immediate effect on the Russian…
How Do We Rein in Inflation?
In August this year, annual inflation in Georgia reached a ten-year high of 12.8%, before falling to 12.3% the following…