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* 2026 annual economic growth amounted to 10.7% YoY;
- In April 2026, annual CPI inflation amounted to 5.9% 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, transport, housing, water, electricity and other fuels;
- In March* 2026, general government revenues increased by 9.9% YoY and expenses by 7.8% YoY;
- In March* 2026, commercial bank loans to the national economy increased by 14.0% YoY and amounted to 70,203.7 million GEL. As for loans issued by types of activity, the highest were issued in construction, trade and industry;
- In January-March* 2026, export of goods increased by 23.4%, while imports decreased by 7.1% YoY. As a result, trade turnover (excluding undeclared trade) increased by 0.2% YoY and amounted to 5,867.0 million USD;
- In March* 2026, money transfers into Georgia increased by 9.8% YoY and amounted to 320.6 million USD. The main source of money transfers were EU countries (45.4% of total), USA (19.0%) and Russia (11.9%);
- In April 2026, international reserves amounted to 6,471 million USD, which increase on 43.2% YoY and decreased 2.4% MoM;
- In March* 2026 the dollarization increased on both, deposits (1.05 PP) and loans (0.25 PP) MoM;
- In April 2026, GEL appreciated against USD by 0.9%, depreciated against EUR by 0.1%, and appreciated against TRY by 2.1% MoM;
- In April 2026, the currencies of the region countries stand out with a tendency of appreciation towards USD, except TRY.
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