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Georgia Ranks 16th in the World With the Highest Inflation Rate – IMF

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BM.GE
13.10.21 18:00
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Georgia ranks 16th in the world with the highest inflation rate in the world - this is stated in the global economic review published by the International Monetary Fund (IMF). According to the Fund's forecast, Georgia will have 13.05% inflation by the end of 2021 - higher inflation is expected in only 15 countries. In addition, the IMF predicts that from 2022 inflation will fall to 3.17%.
 
By the end of 2021, according to the IMF, the highest inflation in the world will be in the following countries:
 
1 Venezuela - 2,700%;
2 Sudan - 115%;
3 Suriname - 48%;
4 Yemen - 45%;
5 Zimbabwe - 40.9%;
6 Iran - 30%;
7 Zambia - 23.2%;
8 Angola - 22%;
9 Libya - 21.1%;
10 Turkey - 16.7%;
11 Turkmenistan - 16%;
12 Comoros - 15.6%;
13 Nigeria - 14.9%;
14 Haiti - 14.9%;
15 Sierra Leone - 14.6%;
16 Georgia - 13.05%.
 
This year, the inflation rate in Georgia broke the record of the last 10 years. In the current situation, both the National Bank and international financial organizations predict that inflation will decrease from 2022.

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