International Investment Position statistics is harmoniesed with balance of paymenets statistics and covers monetary authority, government, banking and other sectors. International investment position statistics is published since 2007 annually (data was covered since 2006). Starting from 2009 international investment position statistics is published quarterly. From the second quarter of 2011 published series on IIP covers data from 2000. Starting from fourth quarter of 2011 additional table on IIP is published. Apart from stocks new table indicates details about changes in IIP.

Net international investment position (IIP) of Georgia by the end of the third quarter of 2011 amounted to -13.6 billion of USD (-22.5 billion GEL) that is -1.7 billion USD (-3.0 billion GEL) increase on yearly base. Of total growth, 85.0 percent was due to operational changes; 7.0 percent – due to exchange rate changes; 0.8 percent – due to price changes, and 7.2 percent – due to other changes. Total international assets amounted to 3.9 billion of USD (6.4 billion GEL), of which 71.0 percent consists of reserve assets; 16.1 percent – currency and deposits; 7.7 percent – trade credits; 2.7 percent – loans, and 2.1 percent – direct and portfolio investments and financial derivatives. Reserve assets increased by 643.6 million of USD (1.1 billion GEL), that is 30.5 percent growth on yearly basis. Reserve assets amounted to 2.8 billion of USD (4.6 billion GEL) by the end of the reporting period, of which 645.4 million of USD (1.1 billion GEL) was due to operational changes; -1.5 million of USD (-2.5 million GEL)– due to exchange rate changes, and -0.3 million of USD (-0.6 million GEL) – due to price changes.

As for liabilities, for the same period, total liabilities amounted to 17.4 billion of USD (29.0 billion GEL), that is 2.1 billion USD (3.5 billion GEL) increase on yearly base.  Liabilities to direct investors increased by 12.7 percent and amounted to 8.9 billion of USD (14.8 billion GEL). Portfolio investment liabilities grew by 10.0 percent yearly, and amounted to 1.2 billion of USD (2.1 billion GEL), of which 582.4 million of USD (967.3 million GEL) is government Eurobonds.

By the end of the reporting period, as compared to the preceding year, other investments liabilities increased by 14.8 percent and amounted to 7.3 billion of USD (12.2 billion GEL). From that amount loans comprised 5.9 billion of USD (9.8 billion GEL). Monetary authorities’ loans decreased by 3.5 percent as compared to the third quarter of and amounted to 641.7 million of USD (1.1 billion GEL). External liabilities of public sector grew by 14.3 percent due to other long term liabilities. Banking sector loans increased by 13.9 percentage points, of which long term liabilities declined by 3.2 percent while short-term liabilities increased 3.4 times and amounted to 278.3 million USD (462.3 million GEL). Cash and deposits liabilities increased by 95.2 percentage points compared to the previous year and reached 518.3 million USD (860.9 million GEL).

By the end of the third quarter of 2011, the other long term liabilities of the National Bank of Georgia reached 225.0 million of USD (373.6 million GEL), which is the allocation of Special Drawing Rights (SDR).