Attachments
Key messages
•Cereal harvest was good in 2012. The aggregate cereal output is estimated to be 7% higher than in 2011 and well over the last five year average. Prospects for winter grains are good. Government is taking a series of measures and launching different programmes to boost agriculture.
•Poverty incidence decreased in 2011 (9.2%) but remained much above 2007 level (6.4%). Very high income inequality is identified as one of the causes of widespread poverty in Georgia.
•Food prices slightly increased during the last quarter of 2012 (+0.6%).
•Cereal imports during 2012 were 53% higher than in 2011. The import bill was 46% above the previous year’s level.