Georgia's real effective exchange rate index (2010 = 100) was 110.66 in 2025, the latest year in the World Bank's World Development Indicators. That is up 13.97% from 97.1 in 2015 (1.32% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 110.66 | 2025 |
| Five years earlier | 85.19 | 2020 |
| Ten years earlier | 97.1 | 2015 |
| Highest | 113.23 | 2023 |
| Lowest | 34.71 | 1994 |
| Average since 2016 | 98.73 | 2016–2025 |
| First recorded | 34.71 | 1994 |
What the numbers say
In 2025, Georgia's real effective exchange rate index (2010 = 100) fell 1.96 on 2024 (from 112.62 to 110.66).
Across the 30 yearly changes before that (1995 to 2024), the average change was +2.6 and a typical year strayed about 10.14 from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 40.42 in 1995 and the biggest yearly fall was 13.9 in 1999. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 2.31 a year. A straight line explains 42% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Georgia had the 33rd highest value of the 91 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Georgia in the 2025 ranking
- Switzerland — 29th of 91: 112.27
- Guyana — 30th of 91: 112.05
- Antigua and Barbuda — 31st of 91: 111.94
- United Kingdom — 33rd of 91: 110.65
- China — 34th of 91: 110.09
- Austria — 35th of 91: 109.96
What this measures
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. This indicator is an index series where 2010=100.
Limitations: Because of conceptual and data limitations, changes in real effective exchange rates should be interpreted with caution.
All 32 values
| Year | Real effective exchange rate index (2010 = 100) |
|---|---|
| 2025 | 110.66 |
| 2024 | 112.62 |
| 2023 | 113.23 |
| 2022 | 103.61 |
| 2021 | 86.25 |
| 2020 | 85.19 |
| 2019 | 88.95 |
| 2018 | 94.31 |
| 2017 | 94.72 |
| 2016 | 97.77 |
| 2015 |
Real effective exchange rate index (2010 = 100) in nearby economies
More financial sector data for Georgia
- GDP deflator (base year varies by country) — 143.86 (2025)
- Inflation, GDP deflator (annual % growth) — 4.64% (2025)
- DEC alternative conversion factor (LCU per US$) — US$2.74 (2025)
- Inflation, GDP deflator, linked series (annual % growth) — 4.64% (2025)
- GDP deflator, linked series (base year varies by country) — 143.86 (2025)
- Consumer price index (2010 = 100) — 185.49 (2025)
- Domestic credit to private sector by banks (% of GDP) — 66.57% (2025)
- Net domestic credit (current LCU) — 76.76 billion (2025)
- Net foreign assets (current LCU) — 628.46 million (2025)
Reading data like this
Questions people ask
- What is Georgia's real effective exchange rate index (2010 = 100)?
- 110.66 in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1994?
- It is up 218.8% from 34.71 in 1994 (3.81% a year on average, compounded). The highest value was 113.23 in 2023 and the lowest 34.71 in 1994.
- How does Georgia rank?
- 33rd highest of 91 economies with data for 2025.
- Is the latest change in real effective exchange rate index (2010 = 100) unusual for Georgia?
- In 2025, Georgia's real effective exchange rate index (2010 = 100) fell 1.96 on 2024 (from 112.62 to 110.66). Across the 30 yearly changes before that (1995 to 2024), the average change was +2.6 and a typical year strayed about 10.14 from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator PX.REX.REER, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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