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 December* annual economic growth amounted to 8.3% YoY. 
• Annual consumer price inflation amounted to 0.0% in January, lower than the inflation target of 3.0%. 
• In December* 2023, general government revenues decreased by 1.4% YoY, while expenses decreased by 6.9% YoY.
• In December* 2023, commercial bank loans amounted to 50.9 billion GEL. As for loans issued by types of activity, the highest were issued in trade, construction and industry.
• In January - December* 2023, goods exports increased by 9.1%, while imports increased by 14.0% YoY. Trade turnover amounted to 21,529 million USD.
• In December* 2023, money transfers amounted to 308.3 million USD. The main source of money transfers are EU countries (39.6% of total) and Russia (22.9%).
• In January 2024, international reserves reached 4,853 million USD and decreased by 0.9% YoY.
• In December* 2023, the dollarization on deposits and loans decreased MoM.
• In January 2024, GEL appreciated against USD (by 0.4%) and appreciated against EUR (by 0.4%) MoM.
• In January 2024, the currencies of the region countries stand out with a tendency of depreciation towards USD, except Georgian Lari.

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