In detail:⦁ The residential segment index increased by 0.3 percent compared to the previous month and increased by 8.9 percent compared to the same month of the previous year;⦁ The non-residential segment index decreased by 0.7 percent compared to the previous month and increased by 1.6 percent compared to the same month of the previous year;⦁ The civil segment index increased by 0.5 percent compared to the previous month and increased by 2.2 percent compared to the same month of the previous year.In May 2025 the Construction Cost Index (CCI) increased by 0.2 percent compared to the previous month. The change was mainly due to a 0.3 percent increase in the prices for constructionmaterials, which contributed 0.18 percentage points to the total index change.Compared to May 2024 the CCI increased by 5.0 percent. The latter was largely caused by the 17.8 percent increase in average monthly nominal wages of employees in the construction sector and by the 2.0 percent increase in the prices of construction materials, which contributed 3.62 and 1.23 percentage points to the total index change, respectively. Along with this, the Construction Cost Index posted a 23.1 percent increase compared to February 2022.The following table presents the CCI in May 2025, compared to the previous month and the same month of the previous year, as well as the contributions of cost categories and segmentsto the total index.

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The annual inflation rate was mainly influenced by price changes for the following groups:Food and non-alcoholic beverages: the prices in the group increased by 10.1 percent, contributing 3.34 percentage points to the overall annual inflation rate. Within the group, the prices increased for the following subgroups: vegetables (26.3 percent), oils and fats (20.6 percent), coffee, tea and cocoa (15.4 percent), mineral waters, soft drinks, fruit and vegetable juices (10.3 percent), bread and cereals (9.6 percent), sugar, jam, honey, chocolate and confectionery (8.7 percent), fish (7.9 percent), milk, cheese and eggs (7.1 percent), meat (3.6 percent), fruit and grapes (2.7 percent);Health: the prices increased by 9.4 percent, contributing 0.79 percentage points to the overall index. The prices were higher for the following subgroups: out-patient services (10.4 percent), hospital services (9.2 percent), medical products, appliances and equipment (8.4 percent);Miscellaneous goods and services: the prices for the group increased by 6.7 percent, contributing 0.33 percentage points to the overall index. Within the group, the prices were higher mainly for the following subgroups: personal effects n.e.c. (18.2 percent), insurance (8.7 percent), financial services n.e.c. (5.4 percent), personal care (4.7 percent);Transport: the prices for the group decreased by 5.3 percent, contributing -0.64 percentage points to the overall index. Within the group the prices decreased for operation of personal transport equipment (-8.1 percent) and transport services (-0.8 percent).

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In May 2025, compared to the same period of the previous year, the estimated real growth in following activities contributed significantly: Information and communication, Manufacturing, Trade, Transportation and storage, Construction.Decline was registered in the Energy sector.

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In May 2025, according to data from TBC Bank’s payment channels, consumers increased their overall spendings and made more transactions compared to last year’s May.In the leisure sector, particularly in hotels, spending increased by 34%, which was mainly driven by non-residents’ increased spending. Non-residents’ average transaction in hotels was approximately 3 times higher compared to residents’ figure.In May 2025, there was a notable annual increase in non-cash spending in restaurants, while average spending marked GEL 34. During the same month, non-residents’ average transaction volume was approximately 5 times higher than the residents’ figure.Consumers spent 37% more on apparel and accessories in May 2025 compared to the previous year. 

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The volume of water provided to households amounted to 243.4 million cubic metres which is 5.1 percent higher compared to 2023 (231.5 cubic meters).As of December 31, 2024, the number of population connected to water supply industry amounted to 2.79 million (75.4 %) which is 1.5 percent higher compared to 2023 (2.75 million).In 2024, the number of population connected to a wastewater collecting system increased by 1% compared to the year prior (1.98 million) and amounted to 2.00 million (54.1 %), while the number of population connected to wastewater treatment facilities increased by 3.9 percent compared to previous year (1.52 million) and reached 1.58 million (42.7 % of total population).

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Diseases of the circulatory system (41.3 percent) and neoplasms (13.0 percent) are the dominant causes of death.Causes of death vary with age. Certain disorders originating in the perinatal period are dominant among children under-5. At the age of 5-39, Injury, poisoning and certain other consequences of external causes prevail, as the risk of accidents is relatively higher for these age groups. At the age of 40 and above, the dominant causes of death are diseases of the circulatory system and neoplasms.

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As of May 2025, the number of transactions of residential flats in Batumi has increased by 8.9 % to 1,354 units. The market size has increased by 23.7% standing at USD 76 millions. Note: The methodology of price analysis has been updated for new projects, which has resulted in changes in 2022-2025 figures.In May 2025, the number of transactions of newly-built flats in Batumi has increased by 10.1% year over year, while a 3.7% YoY decrease rate has been observed in the case of old flats.

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As of May 2025 the weighted average price of newly-built flats in Tbilisi has increased by 13.5% in the suburbs compared to May 2024, 8.9% growth was observed in the wide centre , while in the city centre 6.8% increase was witnessed. The growth is mostly driven by the primary market, where weighted average price increased by 15.2% citywide (some primary transactions are registered late, resulting in a price growth trend that does not reflect reality.) In the secondary market of newly built apartments, the weighted average price across the city increased by 5.7%.As of May 2025 in Tbilisi the weighted average price of old flats has increased by 9.5% in the city centre compared to May 2024, in the wide centre 1.4% growth was witnessed, while in the suburbs the weighted average price increased by 3.8%.In May 2025, in Tbilisi the number of transactions of residential flats amounted to 3,437 units, reflecting 7.2% YoY increase. Market size increased by 21% standing at USD 261 millions. Note: The methodology of price analysis has been updated for new projects, which has resulted in changes in 2022-2025 figures.

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According to the census data, as of November 14, 2024, 2,423 thousand people (62 percent) live in urban settlements, and 1,491 thousand people (38 percent) - in rural settlements. The share of the population living in urban settlements, by regions (except Tbilisi) is high in the Adjara A.R. (66 percent), which is due to the high number of Batumi population, and is low in Mtskheta-Mtianeti (20 percent), Kakheti (21 percent) and Racha-Lechkhumi and Kvemo Svaneti (24 percent) regions.According to the census data, 34 percent of the country's population lives in Tbilisi. The second and third largest regions in terms of population are Imereti and Kvemo Kartli, with 12.9 and 11.2 percent of the population, respectively.The 2024 Population and Agricultural Census of Georgia was conducted from November 14 to December 31, 2024. Census covered the entire territory of the country, except for the occupied territories.

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The position of Minister of Economy has been filled by Mariam Kvrivishvili, who previously served as Davitashvili’s Deputy Minister.“We are all happy at the Ministry of Economy that a new stage is beginning in the life of the ministry,” Davitashvili stated during the announcement, expressing gratitude to Bidzina Ivanishvili, the ruling Georgian Dream party’s honorary chairman, and offering his best wishes to his successor.Kvrivishvili thanked Prime Minister Kobakhidze for his confidence in her appointment, calling it a “great honor” to serve Georgia in this capacity.“All the knowledge and experience I have accumulated while working at the Ministry of Economy will help me to successfully complete ongoing projects, set new plans, and continue the economic growth of our country,” she said.Levan Davitashvili has held the post of Minister of Economy since February 2022, and served as Vice Prime Minister since July 2021. Prior to this, he led the Ministry of Environmental Protection and Agriculture from 2016 to 2022.Mariam Kvrivishvili has been Deputy Minister of Economy since 2021. She is a member of the Georgian Dream Political Council and has been involved in tourism and civil aviation development during her tenure at the ministry.

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