External merchandise trade (excluding non-declared trade) of Georgia amounted to USD 11 347.7 million in 2020, 14.8 percent lower year-on-year.

In December 2020, consumer inflation accelerated to 5% y-o-y, up 0.9% from the previous month. This is according to data compiled by the State Statistics Service of Ukraine. Inflation thus reached the midpoint of the 5% ± 1 pp target range defined by the Monetary Policy Guidelines for 2020 and the Medium Term.

Remittances inflow to Georgia during 2020 amounted to US$ 1,885,981,900, up from US$ 1,733,317, 700, or 0.9% from the previous year. Russia still remains the largest country by the volume of remittances, although this year the figure drop by 18% as compared to the prior year.

House prices, as measured by the House Price Index, rose by 4.9% in the euro area and by 5.2% in the EU in the third quarter of 2020, compared with the same quarter of the previous year. In the second quarter of 2020 house prices rose by the same annual rates, 4.9% and 5.2% respectively.

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