The euro gained 0.0241 lari over the three sessions shown, from 2.8875 on 29 October to 2.9116 on 31 October, with most of that move arriving on the last day, up from 2.8934 on 30 October. The dollar was close to flat over the same three sessions, from 2.5957 to 2.5992, a change of 0.0035. For a company settling invoices in euros the week looked rather different from one settling in dollars.

Prices were steadier. Annual inflation was 5.6% in August, against 5.5% in July and 5.8% in June — a range of 0.3 percentage points across three months.

Growth is where the numbers stand out. Real GDP grew 9.0% year on year in the first quarter of 2026 on provisional figures, after 6.7% in the fourth quarter of 2025 and 6.4% in the third, both also provisional and subject to revision.

The National Bank has held the policy rate at 8.25% at three consecutive decisions — 29 July, 9 September and 21 October 2026 — 0.25 percentage points above the 8.00% at which it closed both 2024 and 2025.

Georgia Economy Inflation

Figures in this post

Every number below was checked against the source before publication.

  • CPI_YOY_M Annual inflation National Statistics Office of Georgia (Geostat)
  • FX_EUR_GEL Euro to lari National Bank of Georgia
  • FX_USD_GEL US dollar to lari National Bank of Georgia
  • GDP_REAL_GROWTH_Q Real GDP growth, quarterly National Statistics Office of Georgia (Geostat)
  • POLICY_RATE_A Monetary policy rate, year-end National Bank of Georgia — downloaded files
  • POLICY_RATE_D Monetary policy rate, per decision National Bank of Georgia

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