International Investment Position of Georgia
International Investment Position statistics is harmoniesed with balance of payments statistics and covers monetary authority, government, banking and other sectors. International investment position statistics is published since 2007 annually (data covered since 2006). Starting from 2009 international investment position statistics will be published quarterly.
Net international investment position (IIP) of Georgia is negative. By the end of first quarter of 2009 IIP amounted to -10,6 billion USD that is 1,25 times increase compared to same period of previous year. Total assets amounted to 2,35 billion USD of which 63 percent consists of reserve assets and 20 percent of cash and deposits.
As for liabilities, for the same period, total liabilities amounted to almost 13 billion USD. Liabilities to direct investors increased by 16 percent and amounted to almost 7 billion USD. Portfolio investment liabilities amounted to 876,5 million USD, of which 500 million USD government Eurobonds incurred in second quarter of 2008. Growth rate of banking sector loans amounted to 29 percent, of which long term liabilities increased by 41 percent, while short-term liabilities decreased by 16 percentage points. Monetary authorities’ loans increased 2,5 times through International Monetary Fund credits and amounted to 624,9 million USD. Cash and deposits liabilities decreased by 25 percent compared to first quarter of previous year.