Interest Rate on Bank Deposits fell to 9.65% in Georgia in 2017

Interest Rate on Bank Deposits (%)
Banking | Georgia | May 17, 2019
$2.99
Excel Sheet

Interest rate on bank deposits reached 17.2 % in 1995 in Georgia, according to the National Central Bank. This is 77.7 % more than in the previous year.

Historically, interest rate on bank deposits in Georgia reached an all time high of 17.2 % in 1995 and an all time low of 4.00 % in 2000. When compared to Georgia's main peers, interest rate on bank deposits in Armenia amounted to 56.2 %, 102 % in Russia and 76.0 % in Turkey in 1995.

Georgia has been ranked 34th within the group of 139 countries we follow in terms of interest rate on bank deposits.

The deposit interest rate is the rate paid by commercial or similar banks for deposits.

Interest Rate on Bank Deposits (Local Currency) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Armenia % 9.25% 9.57% 10.2% 10.4% 14.1%
Azerbaijan % 10.9% 10.2% 9.89% 9.17% 9.00%
Bulgaria % 3.37% 3.08% 2.41% 1.66% 0.614%
China % 3.50% 3.00% 3.00% 2.75% 1.50%
Georgia % 11.5% 10.7% 9.73% 8.43% 8.91%
Germany % 1.40% 1.16% 0.724% 0.581% 0.366% ...
Greece % 4.17% 4.77% 3.66% 2.34% 1.46% ...
Iran % 11.2% 14.8% 14.8% 16.9% 16.3% ...
Iraq % 5.91% 5.87% 5.75% 5.16% 4.86% ...
Japan % 0.462% 0.478% 0.542% 0.415% 0.406%
Russia % 4.44% 6.10% 5.59% 6.04% 9.20%
Turkey % 14.2% 16.4% 15.8% 16.8% 14.9%
USA % ... ... ... ... ... ... ... ... ...