Mortgage loans rose 23.7% to USD 2.52 bil in Georgia in 2017, according to the National Central Bank.
Historically, mortgage loans in Georgia reached an all time high of USD 2.52 bil in 2017 and an all time low of USD 0.111 bil in 2006. When compared to Georgia's main peers, mortgage loans in Armenia amounted to USD 0.432 bil, USD 1.03 bil in Azerbaijan, USD 90.0 bil in Russia and USD 51.1 bil in Turkey in 2017.
Georgia has been ranked 53rd within the group of 79 countries we follow in terms of mortgage loans.
Mortgage Loans (USD) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Armenia | USD bil | ... | ... | 0.432 | 0.528 | 0.748 | 0.921 | 1.34 | ... | |||||||||||||
Azerbaijan | USD bil | ... | ... | ... | 1.03 | ... | ... | ... | ... | |||||||||||||
Bulgaria | USD bil | 5.80 | ... | ... | ... | 9.16 | ||||||||||||||||
China | USD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Georgia | USD bil | ... | ... | ... | 2.52 | 3.25 | 3.56 | 3.90 | 4.58 | |||||||||||||
Germany | USD bil | 1,397 | 1,278 | 1,361 | 1,577 | 1,759 | ||||||||||||||||
Greece | USD bil | 79.3 | 73.5 | 66.2 | 62.8 | 34.4 | ||||||||||||||||
Iran | USD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Iraq | USD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Japan | USD bil | 2,363 | 1,875 | 1,965 | 2,129 | 1,915 | ... | |||||||||||||||
Russia | USD bil | ... | ... | ... | ... | ... | 90.0 | 92.3 | 123 | 126 | 122 | ... | ... | |||||||||
Turkey | USD bil | 51.1 | 36.1 | 33.9 | 38.2 | 23.0 | ||||||||||||||||
USA | USD bil | 10,100 | 3,222 | 3,337 | 3,375 | 11,751 | ... |