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 May* annual economic growth amounted to 7.5% YoY;
- In June 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, transport, communication and education;
- In May*, general government revenues increased by 40.2% YoY, while expenses increased by 10.3% YoY;
- In May*, commercial bank loans to the national economy increased by 14.6% YoY and amounted to 62.5 billion GEL. As for loans issued by types of activity, the highest were issued in trade, construction and industry;
- In January-May*, export of goods increased by 14.6%, while imports increased by 12.8% YoY. As a result, trade turnover amounted to 9,790.6 million USD (13.3% increase YoY);
- In May*, money transfers into Georgia increased by 11.6% YoY and amounted to 317.4 million USD. The main source of money transfers were EU countries (44.1% of total), USA (18.6%) and Russia (13.8%);
- In June 2025, international reserves amounted to 4,688 million USD, which increase on 2.3% YoY and 2.3% MoM;
- In May* 2025 the dollarization decreased on both deposits (1.18 PP) and loans (0.39 PP) MoM;
- In June 2025, GEL appreciated against USD by 0.5%, depreciated against EUR by 1.3% and appreciated against TRY by 2.3% MoM;
- In June 2025, the currencies of the region countries stand out with a tendency of appreciation towards USD, except TRY.
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