Georgia: Mortgage credit interest rate
* indicates monthly or quarterly data series
The most recent value is 11.3 percent as of May 2024, an increase compared to the previous value of 11.17 percent. Historically, the average for Georgia from January 2010 to May 2024 is 13.08 percent. The minimum of 8.42 percent was recorded in July 2019, while the maximum of 23.45 percent was reached in January 2011.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: National Bank of Georgia
| Recent values | Georgia: Mortgage credit interest rate, percent |
|---|---|
| 2024 May | 11.3 |
| 2024 Apr | 11.17 |
| 2024 Mar | 11.46 |
| 2024 Feb | 11.49 |
| 2024 Jan | 11.49 |
| 2023 Dec | 11.26 |
| 2023 Nov | 11.47 |
| 2023 Oct | 11.66 |
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Definition: The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 2.5 | 2023 | percent |
| Exchange rate regimes | 7 | 2021 | index points |
| USD exchange rate | 2.7065 | 9/2024 | Local Currency Units per USD |
| Money supply (broad money) | 26.45 | 6/2024 | billion |
| Consumer Price Index (CPI) | 177.9662 | 9/2024 | index points |
| Inflation, monthly | 0.29 | 9/2024 | percent |
| Inflation, annual | 0.63 | 9/2024 | percent |
| Private sector credit | 53.46 | 5/2024 | billion |
| Business credit | 24.24 | 5/2024 | billion |
| Household credit | 29.22 | 5/2024 | billion |
| Mortgage credit | 19.25 | 5/2024 | billion |
| Consumer credit | 9.97 | 5/2024 | billion |
| Deposit interest rate | 10.24 | 6/2024 | percent |
| Mortgage credit interest rate | 11.30 | 5/2024 | percent |