The gross external debt of Georgia amounted to 25.5 billion USD (70.5 billion GEL) as of 31st of March 2025. It stood at 74.2 percent of last four quars’ GDP. During the first quarter of 2025 the gross external debt of Georgia increased by 300.4 million USD. Out of that, transactions and other changes lead to 19.1 and 91.5 million USD decreace of the debt, while 381.8 and 29.2 million USD increase was due to exchange rate and price changes, subcequently.
Public sector external debt amounted to 11.0 billion USD (30.4 billion GEL) or 32.0 percent of GDP, out of which, debt of the general government amounted to 8.5 billion USD (23.5 billion GEL) or 24.7 percent of GDP. External liabilities of the National Bank of Georgia amounted to 822.8 million USD (2.3 billion GEL) or 2.4 percent of GDP, and the bonds and loans of public enterprises were correspondingly 449.0 million USD (1.2 billion GEL) or 1.3 percent of GDP and 1.2 billion USD (3.4 billion GEL) and 3.6 percent of GDP.
Banking sector external debt amounted to 8.6 billion USD (23.9 billion GEL) or 25.1 percent of GDP; Other sectors’ external debt stood at 4.9 billion USD (13.5 billion GEL) or 14.2 percent of GDP; While 2.7 billion USD (7.4 billion GEL) or 7.8 percent of GDP was the intercompany lending. 88.6 percent of the gross external debt of Georgia was denominated in a foreign currency.
The net external debt of Georgia amounted to 13.3 billion USD (36.7 billion GEL) or 38.7 percent of the last four quartars’ GDP. Net public sector external debt was 6.7 billion USD (18.4 billion GEL) or 19.4 percent of GDP.
External liabilities of the National Bank of Georgia increased by 11.2 million USD, out of that, exchange rate changes increased the debt by 15.1 million USD and transactions lead to its decrease by 4.0 mln USD. By the end of the first quarter of 2025, the external debt of the National Bank of Georgia amounted to 822.8 million USD, of which 461.6 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.
