🇬🇪 Georgia Inflation Calculator
Calculate lari purchasing power changes using official Georgian National Statistics Office and World Bank CPI data from 1995-2024
Historical Periods
🏛️ National Bank of Georgia (NBG)
Georgia has achieved remarkable price stability after post-Soviet hyperinflation. The NBG implemented inflation targeting in 2009, aiming for low single-digit inflation to support economic growth and maintain currency stability.
🌹 Rose Revolution Economic Transformation
The 2003 Rose Revolution transformed Georgia's economy: President Saakashvili's reforms eliminated corruption, streamlined bureaucracy, and created one of the world's most business-friendly environments. Georgia became the #1 economic reformer according to the World Bank in 2007.
💥 Post-Soviet Hyperinflation (1990s)
Georgia experienced devastating hyperinflation during the Soviet collapse, peaking at 162.7% in 1995. Economic stabilization began in 1997 with IMF assistance and the introduction of the Georgian Lari currency.
🌹 Rose Revolution Reforms (2003-2013)
The peaceful Rose Revolution brought dramatic economic reforms: massive anti-corruption campaign, simplified taxation, deregulation, and foreign investment attraction. Georgia became a regional reform leader.
📊 Modern Economic Challenges
- 1995: Hyperinflation peak 162.7%
- 2008: Russia-Georgia war economic impact
- 2012-2013: Rare deflation periods
- 2022: Ukraine war spike to 11.9%
- 2024: Stability achieved at 1.1%
🏛️ Georgia's Economic Journey
🏆 Georgian Economic Success Stories
Anti-Corruption Leader
From 113th to 50th in Transparency International rankings (2004-2014)
Business Environment
World Bank #1 economic reformer in 2007, top 10 ease of doing business
Price Stability
From 162% hyperinflation to 1.1% stable prices in three decades
EU Integration
Association Agreement with EU (2014), visa-free travel, trade integration
⚠️ Current Economic Challenges
Regional Instability
Russia-Ukraine war impacts, regional security concerns
Labor Migration
Brain drain to EU countries, demographic challenges
Currency Pressure
Lari volatility, dollarization of savings and lending
External Dependence
High import dependence, current account deficits