Interest Rate in Georgia

Georgia Interest Rate | Economic News & Forecasts

Georgia - Interest Rate

Economic growth accelerated in Q1 as Russia’s surging appetite for Georgian commodity exports boosted the external sector. Domestic demand metrics, however, were less upbeat in Q1: A rise in unemployment and a jump in inflation, which more than doubled from the previous quarter, likely curbed real income growth and weighed on consumer spending. Turning to Q2, growth appears to have remained vigorous. Economic activity growth came in above Q1’s average in April, largely thanks to impressive merchandise exports growth. Meanwhile, on 13 May, IMF staff approved a further USD 41.6 million of additional financing. Subject to approval by the executive board, this will bring total disbursements under the program to around USD 207.9 million.

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 %Jun 13
Stock Market0.50.55 %Jun 13

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