Monthly Review of the Caucasus Economy - February 2024

According to preliminary data, in 2023, the economic growth in the Caucasus is 4.4%. In 2022, the growth rate reached 7.8%. The decrease in the economic expansion rate is associated with a reduction of human and financial capital flow from Russia and lower oil prices compared to the previous year.

The inflation repeats the trends of economic growth in the Caucasus region. The best situation is in Armenia, and the worst indicator is in Azerbaijan.

See the attached file for the entire document.


Gnomon Wise, Egnate Shamugia