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 November* annual economic growth amounted to 5.9% YoY. Should be marked high economic growth rates and fast recovery process compared to 2019, pre pandemic period.
- Annual consumer price inflation amounted to 0.4% in December, lower than the inflation target of 3.0%, due to increased prices on transport, alcoholic beverages and housing.
- In November*, general government revenues decreased by 3.6% YoY, while expenses increased by 1.2% YoY.
- In November*, commercial bank loans amounted to 49.4 billion GEL. As for loans issued by types of activity, the highest were issued in trade, construction and industry.
- In January - November*, goods exports increased by 11.1%, while imports increased by 16.1% YoY. Trade turnover amounted to 19,613 million USD.
- In November* money transfers amounted to 292.7 million USD. The main source of money transfers are EU countries (37.1% of total) and Russia (25.7%).
- In December, international reserves reached 5,003 million USD and increased by 2.1% YoY.
- In November*, the dollarization on deposits and loans increased slightly MoM.
- In December, GEL appreciated against USD (by 0.7%) and depreciated against EUR (by 0.5%) MoM.
- In December, the currencies of the region countries stand out with a tendency of depreciation towards USD, except Georgian Lari.
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