Q4 0f 2018: Georgia’s external debt increases, totals $17.8 bln
During the fourth quarter (Q4) of 2018, the gross external debt of Georgia increased by $533.3 million. Photo: Nino Alavidze/Agenda.ge.
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Georgia currently owes $17.8 billion in external debt, and this amount is increasing, says the National Bank of Georgia (NBG).
During the fourth quarter (Q4) of 2018, the gross external debt of Georgia increased by $533.3 million. Out of that a $616.5 million increase was due to transactions and $7.8 million due to other changes.
At the same time the exchange rate and price changes led to a decrease by $65.7 million and $25.3 million USD, respectively.
As for Georgia’s international investment position (IIP), the IPP amounted to -$23.2 billion for December 31, 2018. Net IIP deteriorated by $110.7 million compared to the previous quarter.
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 a nation is a creditor nation, while a negative value indicates it is a debtor nation, as is the case for Georgia.
Meanwhile other data from the NBG on the country’s balance of payment indicated how much money entered and left the country. The NBG said Georgia’s current account deficit amounted to $458.1 million in the fourth quarter of 2018. The trade of goods and income account made negative contribution into current account, while services and current transfers - positive.
Georgia currently owes $17.2 billion in external debt, and this amount is growing, says the National Bank of Georgia (NBG). During the fourth quarter (4) of 2017, the gross external debt of Georgia increased by $342.9 million.
Georgia currently owes $17.2 billion in external debt, and this amount is decreasing, says the National Bank of Georgia (NBG).
Georgia currently owes $17.4 billion in external debt and this amount is decreasing, says the National Bank of Georgia (NBG).
Georgia currently owes $17.5 billion in external debt, and this amount is growing, says the National Bank of Georgia (NBG).
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.
Banknotes worth 100 GEL have been found to be the most commonly counterfeited in Georgia, says the annual report of the National Bank, followed by 50 GEL and 20 GEL notes.
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.
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.
As of September 30, 2019 the gross external debt of Georgia amounted to $17.8 billion, announced the National Bank of Georgia today.
Georgia currently owes $18.3 billion in external debt, says the National Bank of Georgia (NBG). During the first quarter of 2020, the gross external debt of Georgia decreased by $350.9 million.