Inflation in Georgia

Georgia Inflation | Economic News & Forecasts

Georgia - Inflation

According to available data, the economy finished 2018 on a strong footing following a somewhat downbeat performance in Q3. Activity growth kicked into a higher gear in Q4, against the backdrop of lower inflation and healthy labor market dynamics, which boded well for consumer demand. On the external front, merchandise exports continued to surge in Q4, buoyed by robust demand from Azerbaijan, Kazakhstan and Ukraine. Looking forward, the momentum appears to have cooled in the current quarter: Economic activity came in well below last year’s average in January. Meanwhile, Fitch Ratings upgraded the country’s credit rating from BB- to BB, with a stable outlook, citing its solid growth metrics and the economy’s resilience to external shocks.

Georgia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)-0.5  3.1  4.0  2.1  6.0  

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Georgia Inflation Chart


Georgia Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: National Bank of Georgia.

Georgia Facts

ValueChangeDate
Exchange Rate2.680.0 %Mar 20
Stock Market0.10.55 %Mar 20

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