Wednesday October 23 2019
Georgia Interest Rate at 8.50 percent


The National Bank of Georgia raised its refinancing rate by 100bps to 8.5 percent on October 23rd 2019, bringing borrowing costs to its highest since November 2008. It follows two 25bps hikes in the previous month in an attempt to neutralise inflationary pressures due to exchange rate depreciation. Policymakers noted that annual inflation rose to 6.4 percent, its highest since December 2017, and it is expected to remain above the 3 percent target this year and to start declining from March 2020. The central bank added that monetary policy tightening will continue until the pressure on the exchange rate is eliminated.





Monday October 21 2019
Georgia Producer Prices at 162.50 Index Points


Producer Prices in Georgia increased to 162.50 Index Points in September from 161 Index Points in August of 2019.





Monday October 21 2019
Georgia Producer Prices Change at 11.20 percent


Producer prices in Georgia increased 11.2 percent year-on-year in September 2019, following a 11.1 percent rise in the previous month. It remained the highest producer inflation since November 2017, as cost advanced further for manufacturing (11.9 percent from 11.8 percent in August) and electricity, gas, steam and hot water (1.9 percent from 1.1 percent). Meanwhile, prices of mining & quarrying slowed (21.5 percent from 21.8 percent). On a monthly basis, producer prices went up 1 percent, after a 2 percent gain in August.





Sunday October 20 2019
Georgia - Credit Rating at 37.50


Standard & Poor's credit rating for Georgia stands at BB with stable outlook. Moody's credit rating for Georgia was last set at Ba2 with stable outlook. Fitch's credit rating for Georgia was last reported at BB with stable outlook.





Tuesday October 15 2019
Georgia Imports at 748.60 USD Million


Imports in Georgia decreased to 748.60 USD Million in September from 753.90 USD Million in August of 2019.





Tuesday October 15 2019
Georgia Exports at 302.60 USD Million


Exports in Georgia decreased to 302.60 USD Million in September from 315.70 USD Million in August of 2019.





Tuesday October 15 2019
Georgia Balance of Trade at -446.00 USD Million


Georgia recorded a trade deficit of 446 USD Million in September of 2019.





Friday October 11 2019
Georgia Crude Oil Production at 0.40 BBL/D/1K


Crude Oil Production in Georgia remained unchanged at 0.40 BBL/D/1K in June from 0.40 BBL/D/1K in May of 2019.





Wednesday October 09 2019
Georgia Competitiveness Rank at 74.00


Georgia is the 74 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum.





Wednesday October 09 2019
Georgia Competitiveness Index at 60.61 Points


Georgia scored 60.61 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum.