Publications
Georgian Economic Climate (Q4, 2019)

Nov, 2019

In the fourth quarter of 2019, Georgian economic climate has slightly worsened.In this period, Georgian economists assessed Georgia’s present economic situation positively; Moreover, the assessment of present economic situation in this quarter has improved compared to the third quarter of 2019 and the fourth quarter of 2018.
ENG
Black Sea Bulletin: Tourism in the Black Sea Region

Nov, 2019

Tourism is one of the fastest growing sectors in the world. It creates three hundred million jobs and accounts for 10% of global GDP. This bulletin reviews the tourism sectors of countries bordering the Black Sea in the last 6 years. The analysis is centered on the number of visits, dynamics, and the relationship between tourism and economic growth.
ENG
Hotel Price Index (September, 2019)

Oct, 2019

In Georgia, the average cost of a room1 in a 3-star hotel was 145 GEL per night in September 2019. While the average cost of a room in a 4-star hotel in Georgia was 227 GEL per night and the average cost of a room in a guesthouse2 was 73 GEL per night.
ENG
GEO
Monthly Tourism Update (September , 2019)

Oct, 2019

In September 2019, in Georgia the hotel price index1 decreased by 3.5% compared to August 2019. The 3-star, 4-star and 5-star hotel price index decreased by 3.8%, while for guesthouses, the price index decreased by 4.4%.
ENG
Issue 113: Analysis of Tighter Lending Regulations in Georgia

Oct, 2019

In the past year, in response to rising levels of private debt, the National Bank of Georgia (NBG) enacted new regulations to curb excessive indebtedness. The impacts of the implemented regulations are as yet unclear but generally the reaction in the private sector has been negative. In this newsletter, a brief overview of the possible implications of these lending regulations are presented.
ENG
Hotel Price Index (August , 2019)

Sep, 2019

In Georgia, the average cost of a room1 in a 3-star hotel was 151 GEL per night in August 2019. While the average cost of a room in a 4-star hotel in Georgia was 230 GEL per night and the average cost of a room in a guesthouse2 was 75 GEL per night.
ENG
GEO
Monthly Tourism Update (August, 2019)

Sep, 2019

In August 2019, compared to August 2018, hotel prices in Georgia decreased by 2.4%. The prices of 3*, 4*, 5* hotels decreased by 5.3%, while the prices of guestouses increased by 3.1%
ENG
Monthly Tourism Update (July , 2019)

Sep, 2019

In July 2019, compared to July 2018, hotel prices in Georgia decreased by 6.5%. The prices of 3*, 4*, 5* hotels decreased by 8.7%, while the prices of guestouses decreased by 2.8%. In July 2019, compared to July 2018, the number of international travelers trips in Georgia increased by 5.8%, and among the international travelers, the proportion who stayed in Georgia for 24 hours or more (classified as tourists) increased by 1%.
ENG
Gender Pay Gap in Georgia

Sep, 2019

Gender pay gap has become a prominent issue across the world. Indeed, women on average earn 25% less than men in a number of Western countries. This gap has negative effects not only on society as a whole, but also on economic growth. According to McKinsey & Company, achieving gender parity could increase the economy by two digit percentage points.
ENG
ifo World Economic Survey (August, 2019)

Sep, 2019

The World Economic Survey (WES) assesses global economic trends by polling transnational and national organizations worldwide on current economic developments in their respective countries. Its results offer a rapid, up-to-date assessment of the current economic situation internationally. In July 2019, 1,173 economic experts in 116 countries were polled.
ENG