As of 30 June 2014, the net international investment position (IIP) of Georgia amounted to -16.7 billion USD (-29.5 billion GEL), which is 102.0 percent of Georgia's GDP. This figure has decreased by 771.8 million USD (1.4 billion GEL) compared to the second quarter of 2013, and by 310.8 million USD (550 million GEL) compared to the previous quarter. Transactions and price changes were negative during the quarter, while exchange rate and other changes were positive. Total international assets amounted to 5.8 billion USD (10.2 billion GEL) as of 30 June 2014. Reserve assets comprise 43.2 percent of total international assets; other investments comprise 31.0 percent; direct investment abroad stood at 24.7 percent; and 1.1 percent is made up of portfolio investment and financial derivatives. A total of 22.5 percent of international assets consist of currency and deposits; 6.5 percent consist of trade credits; and 1.7 percent are loans. Reserve assets decreased by 100.5 million USD (177.7 million GEL) during the quarter. By the end of the second quarter of 2014, reserve assets amounted to 2.5 billion USD (4.4 billion GEL). A total of -103.4 million USD (-183.0 million GEL) of the net quarterly changes of reserve assets was a result of transactions, -1.7 million USD (-3.0 million GEL) was due to price changes, and 1.3 million USD (2.2 million GEL) was a result of exchange rate changes.

By the end of the same period, total liabilities amounted to 22.5 billion USD (39.7 billion GEL), which is a 726.3 million USD (1.3 billion GEL) increase on the annual base and a 334.9 million USD (592.4 million GEL) increase on the quarterly base. Liabilities to direct investors increased by 150.5 million USD (265.3 million GEL) from transactions in the second quarter of 2014. Exchange rate changes, alongside other changes, were negative, while price changes were positive during the quarter. Total liabilities to direct investors increased by 42.9 million USD (76.0 million GEL) and amounted to 11.7 billion USD (20.6 billion GEL). Portfolio investment liabilities increased by 310.4 million USD (549.1 million GEL) during the quarter and amounted to 2.3 billion USD (4.1 billion GEL). Of the total portfolio investment liabilities. 575.5 million USD (1.0 billion GEL) are the Georgian government's Eurobonds, 613.8 million USD (1.0 billion GEL) are the Eurobonds of Georgian Railway, and 269.5 million USD (476.8 million GEL) are the Georgian Oil and Gas Corporation's bonds. Treasury bills and Treasury notes bought by non-residents, totaling 12.7 million USD (22.6 million GEL), are included in this component.

By the end of the second quarter of 2014, other investments liabilities decreased by 18.4 million USD (32.5 million GEL) and amounted to 8.5 billion USD (15.0 billion GEL). Of that amount, loans comprise 6.5 billion USD (11.5 billion GEL). Monetary authorities' loans decreased by 12.6 million USD (22.2 million GEL) compared to the previous quarter and amounted to 64.5 million USD (114.1 million GEL). External liabilities of the general government declined by 42.6 million USD (75.3 million GEL) during the quarter. Other long term loans increased by 5.6 million USD (9.9 million GEL), while transactions of the IMF long term debt service amounted to -49.8 million USD (-88.0 million GEL). The liabilities of the banking sector increased by 10.6 million USD (18.7 million GEL) during the reporting quarter due to an increase in long term debt liabilities and totaled 1.2 billion USD (2.1 billion GEL) at the end of the quarter. External liabilities of other sectors increased by 31.9 million USD (56.5 million GEL) during the second quarter and amounted to 1.7 billion USD (3.1 billion GEL) as of 30 June 2014. The liabilities of currency and deposits declined insignificantly by 0.9 million USD (1.7 million GEL) compared to the previous quarter and reached 923.9 million USD (1.6 billion GEL).

By the end of June 2014, other long term liabilities of the National Bank of Georgia amounted to 222.6 million USD (393.8 million GEL), which is the allocation of Special Drawing Rights (SDR).

The presented statistical information is published on the website of the National Bank of Georgia under the heading "Statistics": https://www.nbg.gov.ge/index.php?m=304