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Employment Tracker (November, 2023)

The latest issue of Employment Tracker, produced in collaboration with Jobs.ge. The tracker produces valuable insights into the Georgian labor market as it lays out the trajectory of employment and salaries, most demanded job categories, and expectations of specific economic sectors regarding their employment plans. 

Emigration and the Effect of Remittances on the Georgian Economy (2013-2022)

This bulletin provides a comprehensive understanding of Georgia’s emigration trends and the role of remittances in the Georgian economy.

Monthly Tourism Update (October, 2023)

The newest issue of Monthly Tourism Update covers the trends in Georgia's international visits and the country's surging international travel income.

Issue 5: Macro Overview

Issue 5 of the Macro Overview thoroughly explores different aspects of the economy in Georgia and beyond.

BAG Index (Q3, 2023)

The BAG Index summarizes the BAG Business Climate, BAG Employment Barometer and BAG Investment Environment, which are calculated according to the assessments of the top managers of BAG member businesses and companies in their corporate group.

Georgian Economic Climate (Q3, 2023)

In this bulletin, which is based on the ifo Institute’s methodology, we discuss Georgia’s economic climate according to assessments made by various Georgian economists.

Employment Tracker (August, 2023)

The latest issue of Employment Tracker, produced in collaboration with Jobs.ge. The tracker produces valuable insights into the Georgian labor market as it lays out the trajectory of employment and salaries, most demanded job categories, and expectations of specific economic sectors regarding their employment plans. 

 

Ukraine: Reconstructing International Trade

In this bulletin, we overview the infrastructural losses Ukraine has suffered from the war so far, the plan for rebuilding the country’s trade infrastructure, the dynamics of Ukraine’s international trade, the facilitation of exports, and the strengthening of the country’s economic resilience with the assistance of external actors.

Honey Production Sector in Georgia

Considering that Georgia is known as the land of the oldest honey discovered and has suitable natural conditions and biodiversity for high-quality honey production, the development potential for the honey production sector in Georgia is high.

The Governance Model of Higher Education Institutions (HEIs) and External Mechanisms of Educational Quality Development in Georgia

The study analyzes the development of the governance model of higher education institutions (HEIs) in Georgia and external mechanisms used to evaluate the quality of education in Georgia in relation to the policies and processes currently prevalent in European education systems.

Diversity and Gender Equality Plan

PMC Research is committed to create an inclusive working environment at all levels, give equal opportunity to all employees and job applicants.

 

News
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Fostering Local Tourism Development
15-Nov-2023
At the “Standards in Tourism” annual international conference, Dr. Giorgi Khishtovani, Director of Research and Analytics at PMCG, delivered a talk on local tourism development through business cluster creation. Significantly, the event brought together tourism professionals from across the world to discuss standards and regulations in the industry. Drawing from experience with the EU-supported tourism cluster in Oni municipality, Khishtovani shared valuable insights on fostering economic growth at the local level.  
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New Research Fuels Georgia's Public Administration Reform
10-Nov-2023
On October 20, PMC Research revealed the results of the “Challenges and Forms of Labor Relations in Georgia's Public Service” study. It examined the challenges faced by state agencies regarding various forms of labor relations, and embraced the perspectives of multiple stakeholders.  
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Study Tour Strengthens Oni Municipality: Exchanging Expertise with Latvia's Enter Gauja Cluster
19-Oct-2023
On 3-8 October 2023, with EU support, a delegation representing the Oni Tourism Cluster, Oni Municipality City Hall, and PMC Research visited Gauja National Park, Latvia. During the visit, experiences were exchanged with the Enter Gauja Cluster. Importantly, the study tour was part of the EU-funded “Economic Development of Oni Municipality via Business Cluster Creation and Investment Attraction” project.      
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EU Supports Georgian and Romanian Agri-food Clusters to Share Experiences on Study Tour
05-Sep-2023
On 24-28 July 2023, with EU support, a delegation representing the Oni Food Industry Cluster, Oni Municipality City Hall, and PMC Research visited Cluj-Napoca, Romania, to exchange experiences with the AgroTransilvania Cluster. The study tour was part of the EU-funded project “Economic Development of Oni Municipality via Business Cluster Creation and Investment Attraction.”    
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The EU Provides Strong Backing for Enhancing Oni Municipality’s Representation in Attracting Foreign Direct Investment
01-Sep-2023
On July 17-21, PMC Research, with EU support, conducted training sessions on foreign direct investment (FDI) attraction for representatives of local governments of Oni municipality. The training was part of the EU-funded “Economic Development of Oni Municipality via Business Clusters Creation and Investment Attraction” project. The training aimed to improve the capacities of local officials in making the municipality more visible and attractive to potential investors.    
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Periodic Issues
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Employment Tracker (November, 2023)
27-Nov-2023
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In October 2023, the number of persons receiving a monthly salary increased by 5.1% compared to the corresponding period of 2022. In October 2023, the share of persons receiving a monthly salary up to 600 GEL amounted to 17.9%, which was 4.6 percentage points less than the corresponding period of 2022. In October 2023, the share of persons receiving a monthly salary of 9,600 GEL and more amounted to 1.9%, which was 0.3 percentage points more than the corresponding period of 2022. In 2023, from May to October, the total number of vacancies published on jobs.ge amounted to 45,954, which was 5.1% higher compared to the corresponding period of 2022.  
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Issue 146: Emigration and the Effect of Remittances on the Georgian Economy (2013-2022)
20-Nov-2023
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Georgia is considered a country of emigration. Since the mid-1990s, emigration from the country has been largely defined as labor migration, with Georgian citizens seeking better prospects abroad to ease persistent socio-economic challenges at home, including high unemployment, widespread poverty, and low wages.  A distinctive feature of this trend is that a significant proportion of Georgian labor emigrants choose to reside and work illegally in their host countries. Meanwhile, for Georgians who opt to emigrate, their primary motivation for doing so is to earn enough to support their families back in Georgia to whom they send remittances to alleviate economic hardships. This bulletin discusses Georgia’s emigration trends and the role of remittances in the Georgian economy at macro and micro levels over the last decade.
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Monthly Tourism Update (October, 2023)
14-Nov-2023
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In Q3 of 2023, the number of international visits reached 2.3 million visits, recording a 21% YoY increase, however, only reaching 83% of visits in Q3 of 2019. Among the top countries of origin for international visits, in the following periods, visits from Israel are expected to decline due to geopolitical issues. However, visits from China are set to increase gradually with the new visa-free policy. Additionally, India’s tourism market remains promising, despite some border crossing challenges for visitors. In Q3 of 2023, income from international travel reached USD 1.4 billion, which significantly surpasses the pre-pandemic number by 28%, however, showing an incremental 5% rise compared to Q3 of 2022. In October 2023, compared to October 2022, the Hotel Price Index (HPI) in Georgia decreased by 11.1%, with the yearly HPI at its lowest under the “guesthouses” category (-18.7%). Meanwhile, compared to September 2023, the HPI in October 2023 dropped by 11.3%.
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Hotel Price Index (October, 2023)
14-Nov-2023
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In Georgia, the average cost of a room in a 3-star hotel was 152 GEL per night in October 2023, while the average cost of a room in a 4-star hotel in Georgia was 237 GEL per night and the average cost of a room in a guesthouse was 118 GEL per night. The average cost of a room in a 5-star hotel in Georgia in October 2023 was 411 GEL per night. In Tbilisi, the average price was 562 GEL, followed by Guria – 530 GEL, Kakheti – 517 GEL, and Adjara – 319 GEL.    
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Issue 5: Macro Overview
09-Nov-2023
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Following rapid double-digit growth in 2021 and 2022, Georgia's economy in this year is continuing on an upward trajectory, albeit at a slower pace compared to the previous two years. In the first 9 months of 2023, there were several factors that have contributed to growth slowing down. Moreover, there were several factors that presented challenges and opportunities in the economy - examined within the report in detail. Issue 5 of the Macro Overview thoroughly explores different aspects of the economy in Georgia and beyond, including: Economic Growth; Economic and Business Climate; Key Macroeconomic Indicators; Labor Market; External Sector; Global Economic Trends.      
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Policy Papers
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Household Income and Income Inequality in Georgia ( 2013-2022)
19-Sep-2023
This paper provides a comprehensive understanding of household income distribution in Georgia. It presents an analysis of income inequality beyond the traditional Gini coefficient by examining additional dimensions of income distribution. More precisely, the paper compares the income of different segments of society, household income in rural and urban areas, and between regions.  
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Determining the Prime Cost of Railway Transportation and Identifying Variable Components
30-Aug-2023
This paper set out to provide transportation planners and policymakers with a systematic process through which to estimate costs representative of the area and service in question and to ease their analysis and decision-making procedures. Although the methodology presented herein is not meant to replace the in-depth and detailed feasibility studies or professional railroad planning activities, it can be used as an intermediate tool to allow planners to more easily perform railroad analysis and planning activities, prior to contracting out feasibility studies. Finally, should this research be further developed, it ought to address other categories of railway services, such as intercity and high-speed trains.  
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Inflation and Monetary Policy in Black Sea Countries
24-Aug-2023
Since mid-2020, when stringent restrictions were imposed to combat the spread of the COVID-19 pandemic, inflation has been running at multi-decade highs in many countries across the globe. In 2022 in particular, inflationary pressures from pandemic-related disruptions were exacerbated by the Russo-Ukrainian War and spiking food and energy prices. In response, central banks implemented different monetary policy approaches in an attempt to stabilize the situation. Against this background, recent inflationary trends and monetary policy approaches adopted by economically diverse Black Sea countries are analyzed and compared in this issue of Black Sea bulletin.
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Total Defense: The Strategy On How To Defeat Strong
02-Aug-2023
Russia’s full-scale military aggression and the ongoing war in Ukraine have led to a fundamental overhaul of the West’s defense and security policy and practice. In addition, a large-scale conventional war on European soil and the successful defensive operation of Ukraine has prompted defense and security professionals to reconsider the importance of total (comprehensive) defense. The total defense system was established during the Cold War in non-NATO member states that faced threats from a superior adversary. The concept has adapted to new security challenges and evolved from a comprehensive defense system to a comprehensive security model. Since 2017 Georgia has been trying to build its defense and security system on the principle of total defense. However, it has not yet approved the necessary political and strategic guidelines, conceptual framework, implementation plan, and assigned resources. Based on the Baltic and Nordic States case study, the paper identifies the critical conditions for implementing an effective and efficient total defense system and assesses the state of play in Georgia consistent with the case study’s findings.
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Sector and Value Chain Analytics: 2022
07-Jul-2023
The report provides an analysis of economic trends in Georgia, as well as denoting the challenges and opportunities (in local, regional, and global contexts) across selected value chains within six sectors to improve evidence-based decision-making through the provision of quality information and analytics. The specific sectors are tourism, creative industries, light manufacturing, shared intellectual services, waste management and recycling, along with cross-cutting sectors. The analysis tracks trends of 2022. This report was developed by PMC Research Center and ISET Policy Institute within the USAID Economic Security Program.
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  • ABOUT US
  • Team
  • Advisory Board
  • Governing Board
  • GET INVOLVED
  • Career
  • Contact Us
  • OUR ACTIVITIES
  • Research and Policy Advocacy
  • Social Accountability
  • Institutional Development and Capacity Building
  • Policy Papers
  • TRADE
  • Energy
  • Georgia and EU
  • Public Finances and Public Administration
  • Agriculture and Rural Development
  • Social Security System and Educational Policy
  • Labor Market and Migration
  • Service Sector
  • Peace and Security
  • Periodic Issues
  • ECONOMIC OUTLOOK AND INDICATORS IN GEORGIA
  • HOTEL PRICE INDEX
  • PMC RESEARCH - IFO GEORGIAN ECONOMIC CLIMATE
  • BLACK SEA BULLETIN
  • MONTHLY TOURISM UPDATE
  • ECONOMIC OUTLOOK AND INDICATORS IN UKRAINE
  • SECTOR SNAPSHOTS
  • EMPLOYMENT TRACKER
  • MACRO OVERVIEW
  • BAG Index
  • PROJECTS
  • Our Funding