Each month/quarter, PBO issues short macroeconomic reviews. Those monthly/quarterly reviews, which are based on information from the Geostat, National bank of Georgia and Ministry of Finance and use PBO estimations, provide information on the monthly/quarterly status of core macro aggregates.
HIGHLIGHTS
- In Q1 2026, according to preliminary estimate real GDP increased by 9.1%;
- In Q1 2026, annual inflation amounted to 4.6%, upper than the inflation target of 3.0%;
- In Q1 2026, positive overall balance of consolidated budget amounted to GEL 273.9 million;
- In Q1 2026, an increasing trend was observed in terms of public debt. The share of external debt in total public debt decreased. Namely, the share of external debt made up 67.7%, while the same indicator in Q1, 2025 was 69.4%;
- In Q4* 2025, current account balance improved. Current account negative balance amounted to USD 487.1 million (in Q4 2024, current account balance was negative and amounted to USD 713.0 million);
- In Q1 2026, the amount of international reserves reached to USD 6,316.6 million, 46.5% increase YoY;
- In Q1 2026, the share of the export in external trade in goods increased from 23.9% to 29.4% YoY;
- In Q1 2026, remittances to Georgia increased by 14.2% YoY and amounted to USD 898.6 million;
- Monetary policy (refinancing) rate amounted to 8.00% at the end of Q1, 2026;
- In Q1 2026, GEL appreciated against USD by 0.3% QoQ and appreciated by 4.2% YoY;
- In Q1 2026, Dollarization coefficient increased (by 4.86 PP) on deposits, while decreased (by 0.59 PP) on loans YoY.
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