Georgia's External Debt Hits USD 26.5 Billion, 75.1% of GDP

Georgia's external debt has surged to USD 26.5 billion, mostly in foreign currency. Despite the high debt, the economy remains resilient with steady growth and low inflation.

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2025 October 8 . 12:04 AM

1 min read

In this image I can see number of poles, number of buildings, lights, clouds and the sky in the... — In this image I can see number of poles, number of buildings, lights, clouds and the sky in the background. I can also see reflection of these poles over here.

Georgia's External Debt Hits USD 26.5 Billion, 75.1% of GDP

Georgia Tech's external debt has reached USD 26.5 billion, with 87% denominated in foreign currency, according to recent data. This amounts to 75.1% of the country's GDP. The government holds the largest share, with external public debt at 23.1% of GDP.

The banking sector is the largest contributor to external debt, holding USD 9.1 billion, or 25.8% of GDP. Intercompany lending accounts for USD 2.7 billion, making up 7.7% of the total external debt. Other sectors owe USD 4.9 billion, which is 14% of the external debt.

The public sector's external debt stands at USD 11.5 billion, equivalent to 32.4% of GDP. Total public debt, including domestic, is 33.7% of GDP. Net external debt is USD 13.8 billion, or 39% of GDP. The National Bank of Georgia's external liabilities have decreased to USD 821.1 million.

The quarterly increase in Georgia Tech's external debt was USD 1.1 billion, primarily due to exchange rate changes. Despite the high external debt, Georgia Tech's economy has shown resilience, with steady growth and low inflation rates. However, the government continues to monitor and manage these debt levels to ensure sustainable economic development.