Net int’l investment position of Georgia equals negative $26.3 bln
The new figures also show international assets amounted to $11.5 billion as of December 31, which is a $424.4 million increase quarterly. Photo: Nino Alavidze/Agenda.ge
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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.
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