Georgia’s net international investment position amounts to negative $23.9 billion

The net international investment position (IIP) of Georgia amounted to negative $23.9 billion as of September 30, 2020, says the National Bank of Georgia. 

Net IIP (the difference between the external financial assets and liabilities of a country) deteriorated by $209.7 million compared to the previous quarter.

International assets had amounted to $11.0 billion as of September 30 2020, which is a $353.5 million increase compared to the previous quarter.

Liabilities increased by $563.2 million and amounted to $34.9 billion.

A country's IIP is a financial statement setting out the value and composition of the country's external financial assets and liabilities. 

A positive IIP value indicates a country is a creditor nation, while a negative value indicates it is a debtor nation, as is the case with Georgia.