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* 2026 annual economic growth amounted to 6.2% YoY;
- In May 2026, annual CPI inflation amounted to 5.7% 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 and gas;
- In April* 2026, general government revenues increased by 14.0% YoY and expenses by 6.0% YoY;
- In April* 2026, commercial bank loans to the national economy increased by 13.6% YoY and amounted to 70,760.3 million GEL. As for loans issued by types of activity, the highest were issued in construction, trade and industry;
- In April* 2026, export of goods increased by 21.1%, while imports decreased by 4.9% YoY. As a result, trade turnover (excluding undeclared trade) increased by 1.7% YoY and amounted to 8,132.8 million USD;
- In April* 2026, money transfers into Georgia increased by 7.6% YoY and amounted to 318.1 million USD. The main source of money transfers were EU countries (44.5% of total), USA (18.3%) and Russia (13.2%);
- In May 2026, international reserves amounted to 7,002 million USD, which increased by 52.7% YoY and increased by 5.2% MoM;
- In April* 2026, the dollarization on deposits decreased (0.20 PP) and on loans increased (0.01 PP) MoM;
- In May 2026, GEL appreciated against USD by 0.6%, appreciated against EUR by 0.5%, and appreciated against TRY by 2.3%;
- In May 2026, the currencies of the region countries stand out with a tendency of appreciation towards USD, except TRY.
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