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 January* annual economic growth amounted to 11.1% YoY;
- In February 2025, annual CPI inflation amounted to 2.4% YoY, lower 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 January*, general government revenues increased by 4.6% YoY, while expenses increased by 12.6% YoY;
- In January*, commercial bank loans to the national economy increased by 21.1% YoY and amounted to 60.7 billion GEL. As for loans issued by types of activity, the highest were issued in trade, construction and industry;
- In January*, export of goods increased by 19.3%, while imports increased by 45.5% YoY. As a result, trade turnover amounted to 2,008.1 million USD (39.3% increase YoY);
- In January*, money transfers into Georgia decreased by 8.5% YoY and amounted to 242.4 million USD. The main source of money transfers were EU countries (45.1% of total), USA (19.5%) and Russia (10.5%);
- In February 2025, international reserves amounted to 4,234 million USD, which is a 10.8% decrease YoY and 4.4 decrease MoM;
- In January* 2025 the dollarization on both deposits (1.49%) and loans increased (0.35%) MoM;
- In January 2025, GEL appreciated against USD by 0.9%, appreciated against EUR by 0.3% and appreciated against TRY by 2.7% MoM;
- In January 2025, the currencies of the region countries stand out with a tendency of depreciation towards USD, except AMD.
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