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* 2026 annual economic growth amounted to 6.4% YoY;
- In June 2026, annual CPI inflation amounted to 5.8% 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, transport, housing, water, electricity, gas and health;
- In May* 2026, general government revenues increased by 2.0% YoY and expenses by 2.3% YoY;
- In May* 2026, commercial bank loans to the national economy increased by 14.2% YoY and amounted to 71,420.0 million GEL. As for loans issued by types of activity, the highest were issued in construction, trade and industry;
- In January-May* 2026, export of goods increased by 19.8%, while imports decreased by 1.9% YoY. As a result, trade turnover (excluding undeclared trade) increased by 3.7% YoY and amounted to 10,439.5 million USD;
- In May* 2026, money transfers into Georgia increased by 7.1% YoY and amounted to 339.9 million USD. The main source of money transfers were EU countries (43.7% of total), USA (18.8%) and Russia (14.3%);
- In June 2026, international reserves amounted to 7,122.9 million USD, which increased by 51.9% YoY and increased by 1.7% MoM;
- In May* 2026, the dollarization decreased on both, deposits (1.06 PP) and loans (0.12 PP) MoM;
- In June 2026, GEL appreciated against USD by 0.9%, appreciated against EUR by 2.3% and appreciated against TRY by 2.7%;
- In June 2026, the currencies of the region countries stand out with a tendency of appreciation towards USD, except TRY.
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