Net international investment position (IIP) of Georgia amounted to -15.5 billion of USD (-25.7 billion GEL) by the end of the fourth quarter of 2012, that is -1.9 billion USD (-3.1 billion GEL) increase on yearly base. The same record is increased by -313.3 million USD (-520.3 million GEL) compared to the previous quarter data. Transactions, price changes and other changes were negative during the quarter; and exchange rate changes were positive. Total international assets amounted to 5.7 billion of USD (9.5 billion GEL) as for 31^st of December 2012. 50.3 percent out of total international assets consists of reserve assets; 28.0 percent - of other investments; 20.9 percent - of direct investment abroad; and 0.8 percent of portfolio investment and financial derivatives. 20.0 percent of total international assets consists of currency and deposits; 5.7 percent - of trade credits; 1.9 percent - of loans. Reserve assets increased by 54.7 million of USD (90.4 million GEL) compared to the record of 31^st of December 2011. By the end of 2012 Reserve assets amounted to 2.9 billion of USD (4.8 billion GEL). 38.2 million of USD (63.0 million of GEL) out of the annual net changes was due to transactions and 17.4 millions of USD (28.7 million of GEL) - due to exchange rate changes.

As for liabilities, for the same period, total liabilities amounted to 21.2 billions of USD (35.1 billion of GEL), that is 2.6 billion of USD (4.3 billion of GEL) increase on yearly base.  The liabilities to direct investors increased by 8.7 percent and amounted to 10.4 billions of USD (17.2 billion GEL). Portfolio investment liabilities grew by 83.7 percent annually, and amounted to 2.3 billions of USD (3.8 billion of GEL). Out of total portfolio investment liabilities 656.0 million of USD (1.1 billion of GEL) is government Eurobonds, 620.8 millions of USD (1.0 billion GEL) - Eurobonds of Georgian railway and 262.7 millions of USD (435.1 million of GEL) - Georgian Oil and Gas Corporation bonds. Treasury bills and treasury notes bought by non-residents, total 122.1 millions of USD (202.3 million GEL) is included in this component.

By the end of the fourth quarter of 2012 other investments liabilities increased by 9.3 percent compared to the same record of preceding year, and amounted to 8.5 billion of USD (14.2 billion of GEL). Out of that amount 6.7 billion of USD (11.2 billion GEL) is comprised by loans. Monetary authorities' loans decreased by 39.3 percent as compared to the same period record of the previous year and amounted to 360.3 million of USD (597.0 million GEL). External liabilities of general government grew by 12.9 percent mostly due to increase of long term liabilities. Liabilities of other sectors is increased by 16.8 percent annually and amounted to 1.6 billion of USD (2.4 billion of GEL) by the end of 31^st of December 2012.  On the contrary, banking sector loans decreased by 6.9 percent totaled to 1.4 billion USD (2.3 billion GEL). This fall was mainly conditioned by the decrease of short-term liabilities in banking sector. Currency and deposits liabilities increased by 50.8 percent compared to the previous year record and reached 770.6 million USD (1.3 billion GEL).

By the end of December 2012, the other long term liabilities of the National Bank of Georgia reached 221.3 millions of USD (366.6 million GEL), which is the allocation of Special Drawing Rights (SDR).