2021 Q3: Georgia’s external debt up $130.9 mln
92.2% of the gross external debt of Georgia was denominated in foreign currency. Photo: Nino Alavidze/Agenda.ge.
Tweet 
Share
Georgia’s gross external debt is up 130.9 million USD quarter-on-quarter, amounting to 21.0 billion USD as of September 30, 2021, the National bank of Georgia (NBG) says.
Gross external debt is currently equal to 120% of annual GDP.
In the public sector external debt amounted to 10.4 billion USD which is 59.6% of GDP.
Public sector debt was divided as follows:
- Government debt - 7.7 billion USD (44.1% of GDP)
- External liabilities of the NBG - 965.7 million USD (5.5% of GDP)
- Bonds of public enterprises - 542.1 million USD (3.1% of GDP)
- Loans of public enterprises - 1.2 billion USD (6.9% of GDP)
The banking sector’s external debt amounted to 4.3 billion USD which is 24.7% of GDP.
Meanwhile, intercompany lending equalled 3.2 billion USD.
92.2% of the gross external debt of Georgia was denominated in foreign currency.
The net external debt of Georgia amounted to 12.9 billion USD which is 73.8% of GDP as of September 30, 2021.
Net public sector external debt totalled 6.3 billion USD or 36.1% of GDP.
The net international investment position (IIP) of Georgia, which measures the difference between external financial assets and liabilities of a country, amounted to negative 25.6 billion USD as of September 30, 2021, the National Bank of Georgia reports.
Commercial banks in Georgia loaned 41.40 billion GEL and received deposits of 35.75 billion GEL in November of this year, the National Bank of Georgia (NBG) reports.
The largest share of annual gross domestic product (GDP) of Georgia by region is held by the capital city of Tbilisi with 50.5%, followed by the regions of Adjara (8.9%) and Imereti (8.4%), the National Statistics Office of Georgia (Geostat) reports.
Georgia has received $207.3 million from abroad in November 2021, which is 22% more than the amount received in November 2020, the National Bank of Georgia reports.
Georgia has received 229.5 million USD from abroad in December 2021, which is 14.9% more than the amount received in December 2020, the National Bank of Georgia (NBG) reports.
Georgia currently owes $22.1 billion in external debt and the amount is growing, the National Bank of Georgia has said in its latest update of related statistics.