PBO's Monthly Macroeconomic Review reflects the trends of major macroeconomic variables. The review is based on data from Geostat, National Bank of Georgia and Ministry of Finance.
- According to the GEOSTAT preliminary estimate, in March* annual economic growth amounted to 9.0% YoY;
- In April 2025, annual CPI inflation amounted to 3.4% YoY, higher than the inflation target of 3.0%. Annual inflation was predominantly driven by the dynamics of prices on food and non-alcoholic beverages, health, alcoholic beverages and tobacco;
- In March*, general government revenues decreased by 0.5% YoY, while expenses increased by 25.5% YoY;
- In March*, commercial bank loans to the national economy increased by 18.4% YoY and amounted to 61.6 billion GEL. As for loans issued by types of activity, the highest were issued in trade, construction and industry;
- In January-March*, export of goods increased by 5.7%, while imports increased by 20.1% YoY. As a result, trade turnover amounted to 5,618.6 million USD (16.1% increase YoY);
- In March*, money transfers into Georgia increased by 3.9% YoY and amounted to 291.9 million USD. The main source of money transfers were EU countries (45.1% of total), USA (18.8%) and Russia (13.0%);
- In April 2025, international reserves amounted to 4,518 million USD, which is a 6.1% decrease YoY and 4.8 increase MoM;
- In March* 2025 the dollarization on both deposits (0.41 PP) and loans (0.04 PP) decreased MoM;
- In April 2025, GEL appreciated against USD by 0.9%, depreciated against EUR by 3.1% and appreciated against TRY by 3.7% MoM;
- In April 2025, the currencies of the region countries stand out with a tendency of depreciation towards USD, except RUB and AZN.
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