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* 2026 annual economic growth amounted to 7.9% YoY;
- In February 2026, annual CPI inflation amounted to 4.6% 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 January* 2026, general government revenues increased by 4.0% YoY and expenses by 3.8% YoY;
- In January* 2026, commercial bank loans to the national economy increased by 11.7% YoY and amounted to 67,870.6 million GEL. As for loans issued by types of activity, the highest were issued in construction, trade and industry;
- In January* 2026, export of goods increased by 19.0%, while imports decreased by 33.7% YoY. As a result, trade turnover (excluding undeclared trade) decreased by 23.6% YoY and amounted to 1,609.9 million USD;
- In January * 2026, money transfers into Georgia increased by 16.6% YoY and amounted to 282.6 million USD. The main source of money transfers were EU countries (45.4% of total), USA (18.4%) and Russia (11.9%);
- In February 2026, international reserves amounted to 6,659 million USD, which increase on 57.3% YoY and 5.7% MoM;
- In January* 2026 the dollarization increased on deposits (0.30 PP) and increased on loans (0.03 PP) MoM;
- In February 2026, GEL appreciated against USD by 0.5%, depreciated against EUR by 0.4%, and appreciated against TRY by 1.7%;
- In February 2026, the currencies of the region countries stand out with a tendency of appreciation towards USD, except TRY.
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