Gross external debt statistics are harmonized with BOP statistics. They include both public sector (general government, public corporations and national bank) and private sector (banking and other sectors) external debt. External debt statistics are compiled according to the methodology provided by the IMF's “External Debt Statistics: Guide for Compilers and Users” (2003).

The gross external debt of Georgia amounted to 26.5 billion USD (72.3 billion GEL) as of June 30 2025. It stood at 75.1 percent level of last four quarters’ GDP. During the second quarter of 2025 the gross external debt of Georgia increased by 1.1 billion USD. Out of that, transactions led to 74.8 million USD increase of the debt, exchange rate changes to 815.5 million USD increase, price changes to 18.6 million USD and other changes to 144.1 million USD increase.

Public sector external debt amounted to 11.5 billion USD (31.2 billion GEL) or 32.4 percent of GDP, out of which, debt of the general government sector amounted to 8.9 billion USD (24.3 billion GEL) or 25.3 percent of GDP. External liabilities of the National Bank of Georgia amounted to 821.1 million USD (2.2 billion GEL) or 2.3 percent of GDP, and the bonds and loans of public enterprises were correspondingly 451.8 million USD (1.2 billion GEL) or 1.3 percent of GDP and 1.3 billion USD (3.4 billion GEL) and 3.6 percent of GDP.

Banking sector external debt amounted to 9.1 billion USD (24.8 billion GEL) or 25.8 percent of GDP; Other sectors’ external debt stood at 4.9 billion USD (13.4 billion GEL) or 14.0 percent of GDP; While 2.7 billion USD (7.4 billion GEL) or 7.7 percent of GDP was the intercompany lending. 87.0 percent of the gross external debt of Georgia was denominated in a foreign currency.

The net external debt of Georgia amounted to 13.8 billion USD (37.5 billion GEL) or 39.0 percent of the last four quarters’ GDP. Net public sector external debt was 6.8 billion USD (18.4 billion GEL) or 19.2 percent of GDP.

External liabilities of the National Bank of Georgia decreased by 1.7 million USD. Out of that, transactions led to debt’s decrease by 29.3 million USD and exchange rate changes increased the debt by 27.7 million USD. By the end of the second quarter of 2025, the external debt of the National Bank of Georgia amounted to 821.1 million USD, of which 477.2 million USD are Special Drawing Rights (SDR)¹, which have no maturity date, therefore there is no obligation to repay them as long as Georgia is a member of the IMF.

The presented statistical information is published on the website of the National Bank of Georgia under the heading “Statistics”.

 

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¹Allocated SDR is international reserve asset created by the IMF that is allocated to member countries in proportion to their IMF quotas. Allocated SDR is a liability that has no maturity date, therefore there is no obligation to repay them as long as the country is a member of the IMF. The amount of the above mentioned allocated SDR is presented in the assets of the National Bank and thereafter the net liability of the National Bank equals zero. From 2009, the IMF changed its methodological treatment towards SDR and, according to the new approach, allocated SDR is also recorded in liabilities.