Gross External Debt Statistics is harmonized with BOP statistics. Besides of public sector debt, it includes private sector's (Banking and Other sector) external debt.

Gross External Debt of Georgia by March 31 of 2013 amounted to 13.4 billion of USD (22.2 billion of GEL), 83.9 percent of GDP. Out of that  4.2 billion of USD (7.0 billion of GEL) (26.5 percent of GDP) is public sector debt, 500.2  million of USD (829.2 million of GEL, 3.1 percent of GDP) - National Bank's debt; 2.4 billion of USD (3.9 billion of GEL, 14.8 percent of GDP) - Banking sector's debt; 3.4 billion of USD (5.6 billion of GEL, 21.1 percent of GDP) - other sector's debt and 2.9 billion of USD (4.8 billion of GEL, 18.3 percent of GDP) is intercompany lending. 93.3 percent of the Gross External Debt of Georgia is denominated in foreign currency.

During the first quarter of 2013, Gross External Debt of Georgia decreased by 15.5 million of USD (25.7 million of GEL), of which, transactions led to increase in gross external debt of Georgia by 71.4 million of USD (118.4 million of GEL), price changes - by 16.7 million of USD (27.7 million of GEL), other changes - by 9.1 million of USD (15.1 million of GEL), while exchange rate changes led to decrease by 112.7 million of USD (186.9 million of GEL).

Public sector debt decreased by 18.8 million of USD (31.3 million of GEL) during the reporting period, of which, transactions resulted in growth by 56.9 million of USD (94.3 million of GEL), while price and exchange rate changes changes decreased the public sector external liabilities by 1.4 million of USD (2.3 million of GEL) and 74.3 million of USD (123.2 million of GEL) respectively.

External liabilities of the National Bank of Georgia decreased by 82.1 million of USD (136.1 million of GEL), of which 68.1 million of USD (112.9 million of GEL) decline was due to transactions and 14.0 million of USD (23.3 million of GEL) due to exchange rate changes.

External liabilities of banking sector, decreased by 112.3 million of USD (186.3 million of GEL); of which 113.5 million of USD (188.2 million of GEL) decline due to transactions and 8.9 million of USD (14.8 million of GEL) due to exchange rate changes; while 10.1 million of USD (16.7 million of GEL) growth was due to price changes. During the reporting period banking sector's short-term liabilities decreased by 112.7 million of USD (186.9 million of GEL), and long-term liabilities increased by 0.4 million of USD (0.7 million of GEL).

Other sectors' external liabilities increased by 134.8 million of USD (223.5 million of GEL), of which 121.7 million of USD (201.8 million of GEL) was the growth of nonfinancial corporations' external liabilities. Other sectors' liabilities increased by 124.7 million of USD (206.7 million of GEL) due to transactions, by 8.0 million of USD (13.3 million of GEL) due to price changes and by 12.8 million of USD (21.3 million of GEL) due to other changes, while decreased by  10.8 million of USD (17.9 million of GEL) due to exchange rate changes.

Intercompany lending increased by 63.0 million of USD (104.5 million of GEL) during the first quarter of 2013. Transactions led to growth by 71.4 million of USD (118.4 million of GEL) while exchange rate and other changes led to decline by 4.7 million USD and 3.7 million USD (7.7 million GEL and 6.2 million GEL) respectively.

Liabilities denominated in foreign currency decreased by 98.1 million of USD (162.6 million of GEL), and amounted to 12.5 billions of USD (20.7 billion of GEL). On the contrary liabilities denominated in national currency increased by 82.6 million of USD (136.9 million of GEL) and totaled 867.3 million of USD (1.4 billion of GEL).