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 August* annual economic growth amounted to 6.6% YoY;
- In August 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, tobacco and transport;
- In August*, general government revenues increased by 8.6% YoY, while expenses increased by 12.6% YoY;
- In August*, commercial bank loans to the national economy increased by 15.3% YoY and amounted to 64,447 million GEL. As for loans issued by types of activity, the highest were issued in construction, trade and industry;
- In January-August*, export of goods increased by 6.7%, while imports increased by 9.7% YoY. As a result, trade turnover amounted to 16,250.8 million USD (8.8% increase YoY);
- In August*, money transfers into Georgia increased by 10.7% YoY and amounted to 321.5 million USD. The main source of money transfers were EU countries (46.9% of total), USA (17.8%) and Russia (12.4%);
- In September 2025, international reserves amounted to 5,428 million USD, which increase on 15.2% YoY and 4.3% MoM;
- In August* 2025 the dollarization increased on deposits (0.20 PP) and increased on loans (0.02 PP) MoM;
- In September 2025, GEL depreciated against USD by 0.2%, depreciated against EUR by 1.2% and appreciated against TRY by 1.0% MoM;
- In September 2025, the currencies of the region countries stand out with a tendency of appreciation towards USD, except TRY.
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