Georgian gross external debt at $18.2 billion in January-June 2019
90.2 per cent of the gross external debt of Georgia is denominated in foreign currency. Photo: Nino Alavidze/Agenda.ge.
Tweet 
Share
In the second quarter of 2019, the gross external debt increased by $385.3 mln and reached $18.2 billion as of June 30, says the National Bank of Georgia.
The external debt of the public sector amounted to $7.5 billion from which:
- Debt of the general government - $5.4 billion
- External liabilities of the National Bank of Georgia - $415.5 million
- Bonds of public enterprises - $826.4 million
- Loans of public enterprises - $894.1 million
External debt of the banking sector amounted to $4.4 billion. Intercompany lending equalled to $3.3 billion, while other sectors’ external debt was $4.7 billion.
90.2 per cent of the gross external debt of Georgia is denominated in foreign currency.
As of June 30, the net external debt of Georgia amounted to $10.4 billion, from which net external debt of the public sector was 3.8 $billion.
Georgian international investment position (IIP) amounted to -$22.8 billion for June 30, 2019.
An IIP is a financial statement that explains the value and composition of a country’s external financial assets and liabilities. A positive IIP value indicates that a nation is a creditor nation, while a negative value indicates it is a debtor nation, as is the case for Georgia.
Georgia currently owes $17.8 billion in external debt, and this amount is increasing, says the National Bank of Georgia (NBG).
Georgia currently owes $17.8 billion in external debt, and this amount is increasing, says the National Bank of Georgia (NBG). During the first quarter of 2019, the gross external debt of Georgia increased by $10.2 million.
Georgia spent 2.4 billion GEL (about $0.89b/€0.79b) on both external and domestic debts in 2018, announces the State Audit Office of Georgia.
Georgia currently owes $17.2 billion in external debt, and this amount is decreasing, says the National Bank of Georgia (NBG).
As of September 30, 2019 the gross external debt of Georgia amounted to $17.8 billion, announced the National Bank of Georgia today.
As of December 2019, the external debt of Georgia amounted to $18.6 billion, which was 105.1 per cent of the gross domestic product of the year, says the National Bank of Georgia.