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 April* annual economic growth amounted to 7.5% YoY;
- In May 2025, annual CPI inflation amounted to 3.5% 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 and communication;
- In April*, general government revenues increased by 0.5% YoY, while expenses increased by 1.9% YoY;
- In April*, commercial bank loans to the national economy increased by 18.1% YoY and amounted to 62.3 billion GEL. As for loans issued by types of activity, the highest were issued in trade, construction and industry;
- In January-April*, export of goods increased by 14.2%, while imports increased by 15.7% YoY. As a result, trade turnover amounted to 7,755.7 million USD (15.3% increase YoY);
- In April*, money transfers into Georgia increased by 6.1% YoY and amounted to 295.5 million USD. The main source of money transfers were EU countries (44.8% of total), USA (18.3%) and Russia (13.5%);
- In May 2025, international reserves amounted to 4,585 million USD, which is a 0.3% decrease YoY and 1.5 increase MoM;
- In April* 2025 the dollarization decreased on deposits (0.33 PP) and increased on loans (0.14 PP) MoM;
- In May 2025, GEL appreciated against USD by 0.4%, depreciated against EUR by 0.3% and appreciated against TRY by 2.1% MoM;
- In May 2025, the currencies of the region countries stand out with a tendency of appreciation towards USD, except TRY and GEL.
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