Top 3 highlights from Georgia’s monthly economic review:

1. Unemployment up despite robust growth
Unemployment rate rose to 14.5% in 1H25, driven by declining self-employment, while hired jobs grew modestly.

2. Tourism momentum continues
Tourism revenues reached US$ 520mn in July (+2.7% y/y), bringing 7M25 inflows to US$ 2.5bn; the full-year 2025 forecast stands at US$ 4.5bn.

3. NBG builds reserves on stronger GEL
NBG purchased US$ 1.3bn during March–July 2025 (including US$ 416.9mn in July); average GEL/USD forecast revised to 2.76 for 2025.