In the fiscal year of 2024, Georgia's state debt stood at about ***** billion U.S. dollars. Comparatively, the local government debt was significantly higher, reaching ***** billion U.S. dollars the same year.The national debt of the United Stated can be found here.

Georgia recorded a Government Debt to GDP of 36.10 percent of the country's Gross Domestic Product in 2024. This dataset provides - Georgia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Georgia Government Debt: % of GDP

• Georgia Government debt accounted for 37.2 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 37.8 % in the previous quarter.
• Georgia government debt to GDP ratio data is updated quarterly, available from Mar 2006 to Sep 2024.
• The data reached an all-time high of 61.8 % in Mar 2021 and a record low of 21.7 % in Mar 2008.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Ministry of Finance of Georgia provides Government Debt in local currency. The National Statistics Office of Georgia provides Nominal GDP in local currency based on SNA 2008. Government Debt covers Central Government only. Nominal GDP prior to Q4 2010 is based on SNA 1993.


Related information about Georgia Government Debt: % of GDP

• In the latest reports, Georgia National Government Debt reached 12.1 USD bn in Sep 2024.
• The country's Nominal GDP reached 9.2 USD bn in Sep 2024.

In 2024, the ratio of national debt to gross domestic product (GDP) of Georgia amounted to approximately 36.10 percent. Between 2000 and 2024, the figure dropped by around 22.42 percentage points, though the decline followed an uneven course rather than a steady trajectory. The ratio is forecast to decline by about 0.27 percentage points from 2024 to 2030, fluctuating as it trends downward.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

The national debt of Georgia stood at about ************* U.S. dollars in 2024. Between 2000 and 2024, the national debt rose by approximately ************* U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by around ************ U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.

External Debt in Georgia increased to 25463.72 USD Million in the first quarter of 2025 from 25163.90 USD Million in the fourth quarter of 2024. This dataset provides - Georgia External Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Georgia External Debt: % of GDP

• Georgia External Debt accounted for 79.6 % of the country's Nominal GDP in 2023, compared with the ratio of 95.1 % in the previous year.
• Georgia External Debt: % of Nominal GDP data is updated yearly, available from Dec 1999 to Dec 2023.
• The data reached an all-time high of 131.2 % in Dec 2020 and a record low of 36.6 % in Dec 2006.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. The National Bank of Georgia provides External Debt in USD based on BPM6. The National Statistics Office of Georgia provides Nominal GDP in local currency based on SNA 2008. The National Bank of Georgia average market exchange rate is used for currency conversions. External Debt as % of Nominal GDP prior to 2010 is calculated from Nominal GDP based on SNA 1993. External Debt prior to 2006 is based on BPM5.


Related information about Georgia External Debt: % of GDP

• In the latest reports of Georgia, Current Account recorded a deficit of 200.5 USD mn in Mar 2023.
• Foreign Direct Investment (FDI) increased by 198.4 USD mn in Sep 2024.
• Georgia Direct Investment Abroad expanded by 118.0 USD mn in Sep 2024.
• Its Foreign Portfolio Investment increased by 357.3 USD mn in Sep 2024.
• The country's External Debt reached 25,307.3 in Sep 2024.
• The country's Nominal GDP was reported at 9.2 USD bn in Sep 2024.

Georgia: Government debt as percent of GDP: The latest value from 2023 is 40.5 percent, a decline from 40.7 percent in 2022. In comparison, the world average is 61.85 percent, based on data from 137 countries. Historically, the average for Georgia from 2004 to 2023 is 37.1 percent. The minimum value, 21.5 percent, was reached in 2007 while the maximum of 61.9 percent was recorded in 2020.

Central government debt, total (% of GDP) in Georgia was reported at 43.41 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Georgia - Central government debt, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Graph and download economic data for Central government debt, total (% of GDP) for Georgia (DEBTTLGEA188A) from 1995 to 2023 about Georgia, debt, government, and GDP.

Total Government Debt for General Government for Georgia was 37.37735 % of GDP in January of 2025, according to the United States Federal Reserve. Historically, Total Government Debt for General Government for Georgia reached a record high of 60.01868 in January of 2020 and a record low of 22.53599 in January of 2007. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Government Debt for General Government for Georgia - last updated from the United States Federal Reserve on September of 2025.

Key information about Georgia National Government Debt

• Georgia National Government Debt reached 11.8 USD bn in Dec 2024, compared with 12.1 USD bn in the previous quarter.
• Georgia National Government Debt data is updated quarterly, available from Mar 2006 to Dec 2024.
• The data reached an all-time high of 12.1 USD bn in Sep 2024 and a record low of 2.3 USD bn in Dec 2006.

CEIC converts quarterly Government Debt into USD. The Ministry of Finance of Georgia provides Government Debt in local currency. The National Bank of Georgia period end market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about Georgia National Government Debt

• In the latest reports, Georgia Consolidated Fiscal Balance recorded a deficit equal to 1.8 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 37.2 % of its Nominal GDP in Sep 2024.
• Georgia Nominal GDP reached 9.2 USD bn in Sep 2024.

Graph and download economic data for Outstanding International Public Debt Securities to GDP for Georgia (DDDM06GEA156NWDB) from 2008 to 2020 about Georgia, public, debt, securities, and GDP.

Key information about Georgia Household Debt: % of GDP

• Georgia household debt accounted for 36.9 % of the country's Nominal GDP in Mar 2023, compared with the ratio of 37.3 % in the previous quarter.
• Georgia household debt to GDP ratio is updated quarterly, available from Mar 2001 to Mar 2023.
• The data reached an all-time high of 43.3 % in Mar 2021 and a record low of 2.2 % in Mar 2001.

The National Bank of Georgia calculates Household Debt as % of Nominal GDP from quarterly Household Debt and annual Nominal GDP for the corresponding year. An annual GDP estimate is used for current year data.


Related information about Georgia Household Debt: % of GDP

• In the latest reports, Georgia Household Debt reached 9.6 USD bn in Jun 2023.
• Money Supply M2 in Georgia increased 31.2 % YoY in Jun 2023.
• Georgia Foreign Exchange Reserves was measured at 4.6 USD bn in Jun 2023.
• The Foreign Exchange Reserves equaled 3.8 Months of Import in Jun 2023.
• Georgia Domestic Credit reached 18.8 USD bn in Jun 2023, representing an increased of 6.5 % YoY.
• The country's Non Performing Loans Ratio stood at 1.7 % in Jun 2023, compared with the ratio of 1.8 % in the previous month.

Total External Debt for Georgia was 62.18910 % of GDP in January of 2025, according to the United States Federal Reserve. Historically, Total External Debt for Georgia reached a record high of 114.93043 in January of 2020 and a record low of 35.97283 in January of 2006. Trading Economics provides the current actual value, an historical data chart and related indicators for Total External Debt for Georgia - last updated from the United States Federal Reserve on September of 2025.

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) in Georgia was reported at 689488486 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Georgia - Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Total debt service (% of exports of goods, services and primary income) in Georgia was reported at 20.85 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Georgia - Total debt service (% of exports of goods, services and income) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Short-term debt (% of total external debt) in Georgia was reported at 17.03 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Georgia - Short-term debt (% of total external debt) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Historical dataset showing Georgia debt to gdp ratio by year from 1995 to 2023.

Outstanding international private debt securities to GDP (%) in Georgia was reported at 11.01 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Georgia - Outstanding international private debt securities to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.