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 October* 2025 annual economic growth amounted to 6.0% YoY;
- In November 2025, annual CPI inflation amounted to 4.8% 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, health, alcoholic beverages and tobacco;
- In October* 2025, general government revenues increased by 14.2% YoY, while expenses increased by 5.0% YoY;
- In October* 2025, commercial bank loans to the national economy increased by 12.5% YoY and amounted to 65,553.8 million GEL. As for loans issued by types of activity, the highest were issued in construction, trade and industry;
- In January- October* 2025, export of goods increased by 6.8%, while imports increased by 9.3% YoY. As a result, trade turnover (excluding undeclared trade) increased by 8.6% YoY and amounted to 20,831.5 million USD;
- In October* 2025, money transfers into Georgia increased by 13.4% YoY and amounted to 318.7 million USD. The main source of money transfers were EU countries (44.9% of total), USA (18.6%) and Russia (13.0%);
- In November 2025, international reserves amounted to 5,816 million USD, which increase on 41.0% YoY and 3.8% MoM;
- In October* 2025 the dollarization decreased on both, deposits (0.69 PP) and loans (0.25 PP) MoM;
- In November 2025, GEL appreciated against USD by 0.3%, by 1.1% against EUR and by 1.4% against TRY;
- In November 2025, the currencies of the region countries stand out with a tendency of appreciation towards USD, except TRY.
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