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 February* 2026 annual economic growth amounted to 8.8% YoY;
- In March 2026, 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, transport, alcoholic beverages and tobacco;
- In February* 2026, general government revenues increased by 3.9% YoY and expenses by 3.3% YoY;
- In February * 2026, commercial bank loans to the national economy increased by 12.8% YoY and amounted to 68,504.6 million GEL. As for loans issued by types of activity, the highest were issued in construction, trade and industry;
- In January-February* 2026, export of goods increased by 22.9%, while imports decreased by 15.4% YoY. As a result, trade turnover (excluding undeclared trade) decreased by 6.9% YoY and amounted to 3,512.4 million USD;
- In February * 2026, money transfers into Georgia increased by 17.1% YoY and amounted to 295.3 million USD. The main source of money transfers were EU countries (44.9% of total), USA (18.4%) and Russia (12.2%);
- In March 2026, international reserves amounted to 6,317 million USD, which increase on 46.5% YoY and decreased 5.2% MoM;
- In February * 2026 the dollarization decreased on both, deposits (1.06 PP) and loans (0.21 PP) MoM;
- In March 2026, GEL depreciated against USD by 1.4%, appreciated against EUR by 0.8%, and depreciated against TRY by 0.3%;
- In March 2026, the currencies of the region countries stand out with a tendency of appreciation towards USD, except TRY.
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