Interest Rate in Georgia

Georgia Interest Rate | Economic News & Forecasts

Georgia - Interest Rate

Annual growth edged up to 4.7% in Q1 2019, from 4.5% in Q4 2018, according to preliminary results. The external sector seemingly spearheaded the acceleration, chiefly thanks to Russia’s increased appetite for Georgian commodity exports. In the same quarter, imports contracted, leading the trade deficit to fall but also likely signaling softening consumer demand at home. This came as inflation more than doubled in the first quarter, which will have eaten into real income growth and consumer spending growth. Meanwhile, S&P Global Ratings upgraded the outlook on Georgia's BB credit rating from stable to positive, citing the country’s resilience to external shocks and its continued compliance with IMF conditions under the current program.

Georgia - Interest Rate Data

2013  2014  2015  2016  2017  
Policy Interest Rate (%)3.75  4.00  8.00  6.50  7.25  

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Georgia Interest Rate Chart

Georgia Interest Rate
Note: Policy Interest Rate in % (eop).
Source: National Bank of Georgia

Georgia Facts

Exchange Rate2.740.0 %May 13
Stock Market0.10.55 %May 13

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