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 June* annual economic growth amounted to 6.3% YoY;
- In July 2025, annual CPI inflation amounted to 4.3% 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 and transport;
- In June*, general government revenues increased by 4.6% YoY, while expenses increased by 26.0% YoY;
- In June*, commercial bank loans to the national economy increased by 15.4% YoY and amounted to 64,006 million GEL. As for loans issued by types of activity, the highest were issued in trade, construction and industry;
- In January-June*, export of goods increased by 13.7%, while imports increased by 12.4% YoY. As a result, trade turnover amounted to 11,934.0 million USD (12.8% increase YoY);
- In June*, money transfers into Georgia increased by 12.2% YoY and amounted to 315.5 million USD. The main source of money transfers were EU countries (44.4% of total), USA (18.6%) and Russia (13.0%);
- In July 2025, international reserves amounted to 5,020 million USD, which increase on 7.5% YoY and 7.1% MoM;
- In June* 2025 the dollarization decreased on deposits (0.50 PP) and increased on loans (0.22 PP) MoM;
- In July 2025, GEL appreciated against USD by 0.5%, depreciated against EUR by 1.1% and appreciated against TRY by 2.4% MoM;
- In July 2025, the currencies of the region countries stand out with a tendency of appreciation towards USD, except TRY.
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