Real Effective Exchange Rate in Georgia
Georgia: Real Effective Exchange Rate was 98.19 in 2018. ▲ Rising
Real Effective Exchange Rate in Georgia, 2000–2018
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
The most recent figure for real effective exchange rate in Georgia is 98.19, measured in 2018.
Compared with earlier readings it is up 0.4% on the previous year and down 8.7% over ten years.
Over the whole period, real effective exchange rate in Georgia peaked at 110.33 in 2012 and was at its lowest, 77.99, in 2003.
That places Georgia 63rd out of 107 countries with data for 2018, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Real Effective Exchange Rate in Georgia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 85.14 | — |
| 2001 | 85.13 | -0.0% |
| 2002 | 82.55 | -3.0% |
| 2003 | 77.99 | -5.5% |
| 2004 | 83.26 | +6.8% |
| 2005 | 88.76 | +6.6% |
| 2006 | 93.87 | +5.8% |
| 2007 | 97.21 | +3.6% |
| 2008 | 107.6 | +10.7% |
| 2009 | 104.54 | -2.8% |
| 2010 | 100 | -4.3% |
| 2011 | 108.42 | +8.4% |
| 2012 | 110.33 | +1.8% |
| 2013 | 107.14 | -2.9% |
| 2014 | 106.26 | -0.8% |
| 2015 | 98.36 | -7.4% |
| 2016 | 99.34 | +1.0% |
| 2017 | 97.75 | -1.6% |
| 2018 | 98.19 | +0.4% |
Georgia compared with similar countries
- Georgia's 98.19 is below the median for upper middle income countries, which is 101.79, 96% of the median. (32 countries reporting)
- Georgia's 98.19 is below the median for Europe & Central Asia, which is 99.02, 99% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 90.61 | 77.99 | 107.6 | 10 |
| 2010s | 102.87 | 97.75 | 110.33 | 9 |
Countries ranked near Georgia
More reference data data for Georgia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.097 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.684 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 1.01 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0278 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 1.01 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.3252 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2904 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 3.69 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 5.28 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.1515 (2050)
Frequently asked questions
- What is real effective exchange rate in Georgia?
- Real effective exchange rate in Georgia was 98.19 in 2018, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest real effective exchange rate recorded in Georgia?
- The highest recorded value was 110.33 in 2012.
- What is the lowest real effective exchange rate recorded in Georgia?
- The lowest recorded value was 77.99 in 2003.
- How does Georgia rank for real effective exchange rate?
- Georgia ranks 63rd out of 107 countries with data for 2018.
- Is real effective exchange rate rising or falling in Georgia?
- Over the last ten years it is down 8.7%. The long-run trend across the full record is rising.
- Where does this Georgia data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Real Effective Exchange Rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.