Issue 150: Vocational Education in Georgia
10-Feb-2025
The latest issue of Economic Outlook and Indicators in Georgia, analyzes Vocational Education in Georgia (2019 – 2023):
State expenditure on VET tripled between 2017 and 2024, with its share in total education spending rising from 3.1% to 4%.
From 2017 to 2023, the number of registered students increased; however, the number of admitted students has not risen correspondingly, leading to a widening gap between registered and admitted students.
The transition from secondary school to VET remains challenging, with 10.6 times more students opting for higher education, albeit the number of registered VET students has grown.
Employment Tracker (December, 2024)
22-Jan-2025
Our latest monthly publication, Employment Tracker, offers insights into recent developments in Georgia’s labor market.
In December 2024, the number of people receiving a monthly salary recorded the lowest YoY growth during 2023-2024.
In December 2024, the total number of persons receiving a service fee decreased both YoY and MoM.
In December 2024, the total number of vacancies published on jobs.ge decreased by 20% MoM and 5% YoY.
Please refer to the full publication for more insights.
Georgian Economic Climate (Q4, 2024)
16-Jan-2025
Our latest Georgian Economic Climate publication offers assessments of various economic developments by Georgian economists.
Assessment of Georgia’s current economic situation was negative, while predictions for Georgia’s economic situation by the end of the next six months were extremely negative. Overall, their outlook was significantly more pessimistic compared to the previous reporting period. Political turmoil and exchange rate fluctuations had the greatest impact on the Georgian economy in Q4 2024. The suspension of EU membership talks was assessed negatively by all surveyed economists in terms of its effects on Georgia’s economy.
Georgia and Kazakhstan
14-Jan-2025
Georgia and Kazakhstan share strong ties rooted in the historic Silk Road. Today, the countries are connected by the Trans-Caspian route and the Middle Corridor, interest in which has grown in recent years. Since 2022, Georgia has strengthened its relations with Kazakhstan, with new logistics agreements and crucial advances in transport and infrastructure, making Kazakhstan a key trade partner.
The second issue of the Profile of Bilateral Relations offers an in-depth exploration of key topics of the trade relationship between Kazakhstan and Georgia:
Historical Background
Bilateral Trade Between Georgia and Kazakhstan
Identifying Profitable Products for Trade
Transportation Trends
Common Trade Routes Between Georgia and Central Asia
The Middle Corridor
Future Outlook
The full policy paper, “Facilitating Trade with Central Asia: Georgia’s Role as a Transit Corridor“, is available in Georgian.
Hotel Price Index (December, 2024)
30-Dec-2024
In Georgia, the average cost of a room in a 3-star hotel was 154 GEL per night in December 2024, while the average cost of a room in a 4-star hotel in Georgia was 238 GEL per night and the average cost of a room in a guesthouse was 110 GEL per night.
The average cost of a room in a 5-star hotel in Georgia in December 2024 was 444 GEL per night. In Mtskheta–Mtianeti, the average price was 928 GEL, followed by Tbilisi – 580 GEL, Kakheti – 568 GEL, and Samtskhe-Javakheti – 371 GEL.
