Country
Georgia GEO
NBG
score date 2026-10-09 · 30d +4.8
Seven dimensions
Credibility gap84.1
IMF / national CPI · as of 2026-08-01 · coverage: silver
Behind the curve36.3
BIS policy rates + CPI · as of 2026-08-01 · coverage: silver
Communication—
Central-bank statements · as of 2026-10-09 · coverage: silver
Geopolitical45.6
GDELT · as of 2026-10-04 · coverage: silver
Growth62.4
World Bank WDI / IMF WEO · as of 2026-10-09 · coverage: silver
Liquidity37.6
IMF BOP / BIS / FRED · as of 2026-10-09 · coverage: silver
Governance50.3
World Bank WGI · as of 2026-10-09 · coverage: silver
Georgia sovereign credibility, in brief
Georgia scores 53.0 out of 100 on the composite sovereign credibility index — credibility band 50–65. That ranks it 2 of 2 in Caucasus, the 50th percentile of the region. The score has risen 0.2 points over the past seven days. CPI 5.7% vs 3.0% target (+2.7pp) — moderate overshoot | credibility under pressure (53/100).
As of 2026-10-09 · scored daily from public data under methodology v8
Executive summary
written 10 Oct · score 9 OctGeorgia's credibility gap is wide: CPI runs 2.7pp above target while the policy rate holds at 8.2%.
- Composite position: The 53.0 score is moderate, just below the Caucasus average of 54.1, and ranks #2 of 2 in the region.
- Credibility gap: The 84.1 gap score is high because CPI of 5.7% sits well above the 3.0% point target.
- Policy stance: The 8.2% rate leaves a positive real rate of about 2.5%, but no central bank statements were scored.
- Geopolitics: Pressure of 45.6 reflects Tbilisi protests and the treason detention of Giorgi Baramidze.
- Watch item: The next NBG rate decision and whether monthly CPI moves toward target while protests continue.
Peer context
Rank 2/2 in Caucasus · 50th percentile
Region avg 54.1 · best 55.2 · worst 53.0
Ranked either side
- Armenia 55.2
90-day trend
External pulse
- Port trade momentum, 30d YoY
- +30.5%
- as of 2026-10-10
- Commodity terms-of-trade, 12m change
- -2.5%
- as of 2026-10-10
- Electricity demand, YoY
- +2.7%
- as of 2026-05-01
Sources: Kpler; UN Global Platform; IMF PortWatch (portwatch.imf.org) · Terms-of-trade: IMF Commodity Terms of Trade · Electricity: Ember (CC BY 4.0)
Key indicators
External & activity
| Cpi monthly index | 196.2 | 2026-08-01 | ILO CPI |
| Current account (% GDP) | -2.6% | 2025-12-31 | World Bank |
| Electricity demand (TWh) | 1.1 | 2026-05-01 | Ember |
| FDI inflows (% GDP) | 4.3% | 2025-12-31 | World Bank |
| GDP growth, annual | 7.5% | 2025-12-31 | World Bank |
| Nightlights radiance (monthly sum) | 303.1K | 2025-12-01 | World Bank / NASA Black Marble |
| Nightlights radiance, YoY | -12.8% | 2025-12-01 | derived |
| Remittances (% GDP) | 11.2% | 2025-12-31 | World Bank |
| Reserves (months of imports) | 3.0 mo | 2025-12-31 | World Bank |
| Trade openness (% GDP) | 100.6% | 2025-12-31 | World Bank |
| Unemployment rate | 12.1% | 2025-12-31 | World Bank |
| Unemployment rate (ILO) | 8.2% | 2025-12-31 | ILO |
Structure
| External debt (% GNI) | 79.7% | 2024-12-31 | World Bank |
| GDP per capita (USD) | $9,692 | 2025-12-31 | World Bank |
| Government debt (% GDP) | 40.1% | 2024-12-31 | World Bank |
| Labor force participation | 65.7% | 2025-12-31 | ILO |
| WGI: control of corruption | -0.1 | 2025-12-31 | World Bank |
| WGI: government effectiveness | 0.4 | 2025-12-31 | World Bank |
| WGI: political stability | -0.5 | 2025-12-31 | World Bank |
| WGI: regulatory quality | 0.6 | 2025-12-31 | World Bank |
| WGI: rule of law | 0.1 | 2025-12-31 | World Bank |
| WGI: voice & accountability | -0.4 | 2025-12-31 | World Bank |
Nightlights: World Bank / NASA Black Marble VIIRS (CC BY 4.0)
Follow the moves
Every figure above is recomputed daily from public data, with the source and as-of date shown for each one. The weekly briefing says which scores moved, and why.