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 September* annual economic growth amounted to 6.4% YoY;
- In October 2025, annual CPI inflation amounted to 5.2% 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 September*, general government revenues increased by 12.8% YoY, while expenses increased by 15.4% YoY;
- In September*, commercial bank loans to the national economy increased by 13.2% YoY and amounted to 65,119.2 million GEL. As for loans issued by types of activity, the highest were issued in construction, trade and industry;
- In January- September*, export of goods increased by 7.7%, while imports increased by 9.7% YoY. As a result, trade turnover amounted to 18,545.0 million USD (9.1% increase YoY);
- In September*, money transfers into Georgia increased by 12.1% YoY and amounted to 317.8 million USD. The main source of money transfers were EU countries (45.4% of total), USA (18.8%) and Russia (12.4%);
- In October 2025, international reserves amounted to 5,603 million USD, which increase on 37.2% YoY and 3.2% MoM;
- In September* 2025 the dollarization increased on deposits (0.07 PP) and decreased on loans (0.17 PP) MoM;
- In October 2025, GEL depreciated against USD by 0.3%, appreciated against EUR by 0.3% and appreciated against TRY by 0.9% MoM;
- In October 2025, the currencies of the region countries stand out with a tendency of appreciation towards USD, except TRY.
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