Net int’l investment position of Georgia equals negative $26.3 bln

The net international investment position (IIP) of Georgia, which measures the difference between external financial assets and liabilities of a country, totalled negative $26.3 billion as of December 31, 2021, the National Bank of Georgia announced on Thursday.

Net IIP of the country deteriorated by $652.7 million compared to the previous quarter.

The new figures also show international assets amounted to $11.5 billion as of December 31, which is a $424.4 million increase quarterly. Liabilities increased by $1.1 billion in the reporting period and totalled $37.8 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.