Gender Pay Gap in Georgia
09-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.
ifo World Economic Survey (August, 2019)
04-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.
Issue 112: Gender Pay Gap In Georgia
03-Sep-2019
The aim of this newsletter is to briefly examine the roots of the gender pay gap in Georgia, to reveal the differences of average wage in various sectors, distributions of labour force according to gender and hourly wages for males and females. Due to data limitations, only the wages of hired employees are considered.
Hotel Price Index (July 2019)
30-Aug-2019
In Georgia, the average cost of a room in a 3-star hotel was 148 GEL per night in July 2019. While the average cost of a room in a 4-star hotel in Georgia was 224 GEL per night and the average cost of a room in a guesthouse was 73 GEL per night. The average cost of a room in a 5-star hotel in Georgia in July 2019 was 482 GEL per night. In Tbilisi, the average price was 588 GEL, followed by Adjara – 453 GEL, and Kakheti - 399 GEL and Samstkhe-Javakheti - 380 GEL.
Georgian Economic Climate (Q3, 2019)
13-Aug-2019
In the third quarter of 2019, Georgian economic climate has worsened rapidly. In this period, Georgian economists assessed Georgia’s present economic situation negatively; Moreover, the assessment of present economic situation in this quarter has deteriorated compared to both the previous quarter (Q2) of 2019 and the same time last year (Q3 of 2018). In the third quarter of 2019, Georgia’s economic situation in the next six months has also been assessed negatively by Georgian economists. In this quarter, expectations in six months has worsened compared to both, the second quarter of 2019 and the third quarter of 2018.
Hotel Price Index (June, 2019)
19-Jul-2019
In Georgia, the average cost of a room in a 3-star hotel was 137 GEL per night in June 2019. While the average cost of a room in a 4-star hotel in Georgia was 232 GEL per night and the average cost of a room in a guesthouse was 76 GEL per night. The average cost of a room in a 5-star hotel in Georgia in June 2019 was 448 GEL per night. In Tbilisi, the average price was 618 GEL, followed by Samstkhe-Javakheti - 417 GEL, Adjara – 384 GEL, and Kakheti - 369 GEL.
Monthly Tourism Update (June, 2019)
19-Jul-2019
In June 2019, compared to June 2018, hotel prices in Georgia decreased by 2.9%, this was mainly due to the prices of 3*, 4*,5* hotels. The prices of 3*, 4*, 5* hotels decreased by 7.3%, while the prices of guestouses increased by 9.9%. In June 2019, compared to June 2018, the number of international travelers trips in Georgia increased by 19.9%, and among the international travelers, the proportion who stayed in Georgia for 24 hours or more (classified as tourists) increased by 18%. 
Monthly Tourism Update (May, 2019)
21-Jun-2019
In May 2019, compared to May 2018, hotel prices in Georgia increased by 3.4%, this was mainly due to the prices of guesthouses.In Georgia, in May 2019, compared to May 2018, the prices of 3*, 4*, 5* hotels decreased by 2.5%, while the prices of guestousesincreased by 15.9%. In May 2019, compared to May 2018, the number of international travelers trips in Georgia increased by14.2%, and among the international travelers, the proportion who stayed in Georgia for 24 hours or more (classified as tourists)increased by 18%;
Hotel Price Index (May, 2019)
21-Jun-2019
In Georgia, the average cost of a room1 in a 3-star hotel was 128 GEL per night in May 2019. While the average cost of a room in a 4-starhotel in Georgia was 219 GEL per night and the average cost of a room in a guesthouse2 was 76 GEL per night.The average cost of a room in a 5-star hotel in Georgia in May 2019 was 494 GEL per night. In Tbilisi, the average price was 612 GEL,followed by Adjara – 479 GEL, Samtskhe-Javakheti - 375 GEL, and Kakheti - 375 GEL.
Issue 111: External Trade, I Quarter 2019
04-Jun-2019
The first quarter of 2019 produced some interesting figures in Georgia’s external trade. In this period, external trade was recorded with a total of 121 countries. The data analysis shows that in the first quarter of 2019, compared with the corresponding period of the previous year, Georgia’s export has increased while the country’s import decreased. The analysis of Georgian trade based on import origin and export destination countries reveals that the volume of export has increased the most to Russia while the biggest decrease in imports was recorded with France.