Georgia: economy

What is the inflation rate in Georgia?

Annual inflation in Georgia was 5.6% in September 2026, according to the National Statistics Office of Georgia (Geostat), published on 2 October 2026. Prices rose 0.4% on the month. Core inflation was 3.7%, or 3.5% excluding tobacco. In the month, transport prices rose 2.9% and health 2.8%, while education fell 12.2% and food and non-alcoholic beverages fell 0.2%.

The figure is the change in the consumer price index against the same month a year earlier. Geostat also publishes annual averages: prices rose 3.9% on average in 2025. The National Bank of Georgia targets 3% inflation, and its September 2026 decision expects about 5.2% on average for 2026.

Official sources: Geostat: Inflation Rate in Georgia, September 2026 · Geostat: release (PDF) · Geostat: Consumer Price Index tables

How fast is Georgia's economy growing?

Real GDP grew 6.9% year on year in the second quarter of 2026, according to Geostat's preliminary GDP release of 18 September 2026. Nominal GDP in the quarter was GEL 28,147.0 million (USD 10,512.6 million). Geostat's rapid estimate puts growth at 6.3% in August 2026 and 7.6% on average for January to August.

For the full year 2025 Geostat reports real growth of 7.5% and nominal GDP of GEL 104.6 billion. Quarterly figures are preliminary: Geostat says revised data will be published on 13 November 2026. Rapid estimates are based on tax and other early data and are replaced by the quarterly accounts.

Official sources: Geostat: GDP of Georgia, Q2 2026 (PDF) · Geostat: Rapid Estimates of Economic Growth, August 2026 (PDF) · Geostat: Gross Domestic Product

What is Georgia's GDP per capita?

GDP per capita was USD 10,296.5 (GEL 28,235.4) in 2025, according to Geostat's Gross Domestic Product page. Total GDP for 2025 was GEL 104.6 billion, or USD 38.1 billion, at current prices.

Geostat notes that the per capita figures for 2026 are calculated with population from the 2024 Population Census, which raised the population estimate to about 3.94 million at 1 January 2026, so per capita figures before and after the census are not fully comparable. Figures in US dollars depend on the lari exchange rate. The 2025 figures are preliminary, with revisions due on 13 November 2026.

Official sources: Geostat: Gross Domestic Product

What is the National Bank of Georgia interest rate?

The monetary policy rate is 8.25%, according to the National Bank of Georgia. The Monetary Policy Committee left it unchanged on 9 September 2026, after raising it by 0.25 points from 8% on 6 May 2026. It held the rate again on 17 June and 29 July.

The policy rate steers short-term lari interest rates. In its September statement the committee said inflation was being pushed up mainly by energy and food prices and that it would raise the rate further if inflation expectations rose. The next meeting is on 21 October 2026.

Official sources: NBG: Monetary Policy Committee decisions · NBG: Monetary policy rate

What is the lari exchange rate?

The official exchange rate set by the National Bank of Georgia for 14 October 2026 is GEL 2.5989 per US dollar. The NBG publishes official rates for the lari against several dozen currencies each working day.

The rate for 14 October was set on 13 October and was 0.0005 lari lower than the previous day's. The official rate is a reference for accounting and official purposes; rates offered by banks and exchange offices differ from it. The NBG describes its approach on its exchange rate policy page.

Official sources: NBG: Official exchange rates · NBG: Optimal exchange rate policy

How much does Georgia export?

Georgia exported goods worth USD 6,153.0 million in January to September 2026, 19.6% more than a year earlier, according to Geostat's express release on external merchandise trade of 13 October 2026. Imports were USD 14,381.7 million, up 5.3%, leaving a trade deficit of USD 8,228.8 million.

For the whole of 2025, exports were USD 7,287.8 million and imports USD 18,648.5 million. The express release excludes non-declared trade, and the 2026 figures are preliminary. Geostat separately publishes "domestic exports", which leave out re-exports of goods made elsewhere, such as cars.

Official sources: Geostat: External Merchandise Trade, January-September 2026 · Geostat: release (PDF)

What is Georgia's economic growth rate?

According to the World Bank, real GDP growth in Georgia was 7.5% in 2025. Its high point since 2005 was 2007, at 12.6%; its low point was 2020, at -6.3%. It is 5th highest of 49 in Europe & Central Asia, where the median is 2.1%. Worldwide: 14th of 180.

What is Georgia's GDP per person?

According to the World Bank, GDP per person in Georgia was $9,692 in 2025. No year since 2005 has been higher. Across Europe & Central Asia the middle value was $28,420, and Georgia placed 41st highest of 49. World rank, highest first: 80th of 180.

What is Georgia's GDP per capita at PPP?

In 2025, GDP per person at purchasing power parity in Georgia was $29,414 in international dollars, according to the World Bank. No year since 2005 has been higher. It is 38th highest of 49 in Europe & Central Asia, where the median is $50,946 in international dollars. World rank, highest first: 65th of 179.

How big are Georgia's exports?

In 2025, exports of goods and services in Georgia was 47.4% of GDP, according to the World Bank. Since 2005 it has ranged from 28.3% of GDP (2008) to 54.3% of GDP (2019). Across Europe & Central Asia the middle value was 47.7% of GDP, and Georgia placed 24th highest of 46. Of 133 countries with 2025 data, 40th highest.

Does Georgia have a current account surplus or deficit?

According to the IMF, the current account balance in Georgia was -2.6% of GDP in 2025, which is a deficit. Its high point since 2005 was 2022, at -2.6% of GDP; its low point was 2008, at -22.0% of GDP. Europe & Central Asia median: -0.3% of GDP; Georgia is 29th highest of 47. World rank, highest first: 81st of 132.

What is FDI in Georgia?

4.3% of GDP: that is net inflows of foreign direct investment in Georgia for 2025, according to the IMF. Since 2005 it has ranged from 3.5% of GDP (2020) to 18.6% of GDP (2007). It is 7th highest of 49 in Europe & Central Asia, where the median is 1.9% of GDP. Worldwide: 41st of 179.

How high are loan rates in Georgia?

The latest figure from the IMF, for 2025, is 15.9%. The peak was 18.0% in 2008 and the low 10.8% in 2019. It is 2nd highest of 17 in Europe & Central Asia, where the median is 8.0%. Of 73 countries with 2025 data, 14th highest.