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Monthly Economic Review

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published
11/28/2025, 10:31:01 AM
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5/18/2026, 7:30:10 AM
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Top 3 highlights from Georgia’s monthly economic review:

1. Record-high international reserves supported by strong FX inflows
Gross international reserves reached US$ 5.6bn in Oct-25, driven by NBG’s FX purchases and valuation gains from higher gold prices.

2. Inflation increases
Annual inflation rose to 5.2% in Oct-25, reflecting higher domestic and mixed-goods inflation.

3. GEL remains stable
The GEL appreciated 0.4% m/m in Nov-25, with the exchange rate averaging 2.75 over January-November 2025. We expect it to remain broadly stable in 2026.