Total external debt statistics are harmonized with the balance of payments - NBG Sebi
Posted: Mon Jan 06, 2025 4:10 am
The National Bank of Georgia publishes external debt statistics. According to the NBG, the total external debt statistics are harmonized with the balance of payments. It includes the external debt of the state (government sector, state-owned enterprises and the National Bank) and the private sector (banking and other sectors).
External debt statistics are produced in accordance with the methodology developed by the International Monetary Fund, “External Debt Statistics, A Guide for Compilers and Users” – 2003.
According to the National Bank of Georgia, Georgia's total external debt amounted to USD 25.3 billion (GEL 69.1 billion) as of September 30, 2024, which is 76.9 percent of GDP for the last four quarters. In the third Germany business fax list quarter of 2024, Georgia's total external debt increased by USD 734.1 million. Of this, the debt increased by USD 450.7 million due to exchange rate changes, USD 291.0 million due to operational changes, and USD 40.0 million due to price changes. In addition, the debt decreased by USD 47.7 million due to other changes.
The state external debt amounted to 11.4 billion USD (31.1 billion GEL), which is 34.6 percent of GDP. Of this, the government sector debt is 8.8 billion USD (24.1 billion GEL; 26.9 percent of GDP), the National Bank's liabilities are 862.0 million USD (2.4 billion GEL; 2.6 percent of GDP), and the bonds and loans of state-owned enterprises are 459.3 million USD (1.3 billion GEL; 1.4 percent of GDP) and 1.2 billion USD (3.4 billion GEL; 3.7 percent of GDP), respectively.
External debt statistics are produced in accordance with the methodology developed by the International Monetary Fund, “External Debt Statistics, A Guide for Compilers and Users” – 2003.
According to the National Bank of Georgia, Georgia's total external debt amounted to USD 25.3 billion (GEL 69.1 billion) as of September 30, 2024, which is 76.9 percent of GDP for the last four quarters. In the third Germany business fax list quarter of 2024, Georgia's total external debt increased by USD 734.1 million. Of this, the debt increased by USD 450.7 million due to exchange rate changes, USD 291.0 million due to operational changes, and USD 40.0 million due to price changes. In addition, the debt decreased by USD 47.7 million due to other changes.
The state external debt amounted to 11.4 billion USD (31.1 billion GEL), which is 34.6 percent of GDP. Of this, the government sector debt is 8.8 billion USD (24.1 billion GEL; 26.9 percent of GDP), the National Bank's liabilities are 862.0 million USD (2.4 billion GEL; 2.6 percent of GDP), and the bonds and loans of state-owned enterprises are 459.3 million USD (1.3 billion GEL; 1.4 percent of GDP) and 1.2 billion USD (3.4 billion GEL; 3.7 percent of GDP), respectively.