The National Statistics Office (Geostat) reports that Georgia’s gross external debt stood at USD 26.5 billion (GEL 72.3 billion) as of June 30, 2025, amounting to 75.1% of GDP. The figure represents a quarterly increase of USD 1.1 billion, driven mainly by exchange rate changes (USD 815.5 million), alongside transactions, price shifts and other factors.
The public sector accounted for USD 11.5 billion (32.4% of GDP), including:
- General government: USD 8.9 billion (25.3% of GDP)
- National Bank of Georgia: USD 821.1 million (2.3% of GDP)
- Public enterprises: USD 1.8 billion combined (4.9% of GDP)
The banking sector held USD 9.1 billion (25.8% of GDP), while other sectors owed USD 4.9 billion (14%). Intercompany lending reached USD 2.7 billion (7.7%). Notably, 87% of Georgia’s external debt is denominated in foreign currency. Net external debt amounted to USD 13.8 billion (39% of GDP), with the public sector’s share at USD 6.8 billion (19.2%).
The National Bank of Georgia’s external liabilities slightly decreased to USD 821.1 million. Of this, USD 477.2 million are Special Drawing Rights (SDRs) from the IMF which carry no maturity date and require no repayment while Georgia remains a member.
