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* 2025 annual economic growth amounted to 7.2% YoY;
- In December 2025, annual CPI inflation amounted to 4.0% 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 November * 2025, general government revenues increased by 13.1% YoY, while expenses decreased by 2.0% YoY;
- In November * 2025, commercial bank loans to the national economy increased by 13.3% YoY and amounted to 66,508.3 million GEL. As for loans issued by types of activity, the highest were issued in construction, trade and industry;
- In January- November* 2025, export of goods increased by 10.1%, while imports increased by 9.3% YoY. As a result, trade turnover (excluding undeclared trade) increased by 9.5% YoY and amounted to 23,218.1 million USD;
- In November * 2025, money transfers into Georgia increased by 11.9% YoY and amounted to 298,4 million USD. The main source of money transfers were EU countries (45.5% of total), USA (19.4%) and Russia (12.9%);
- In December 2025, international reserves amounted to 6,159 million USD, which increase on 38.4% YoY and 5.9% MoM;
- In November* 2025 the dollarization decreased on both, deposits (0.62 PP) and loans (0.11 PP) MoM;
- In December 2025, GEL appreciated against USD by 0.3%, depreciated against EUR by 0.9%, and appreciated against TRY by 1.3%.
- In December 2025, the currencies of the region countries stand out with a tendency of appreciation towards USD, except TRY.
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