As of December 2019, the external debt of Georgia amounted to $18.6 billion, which was 105.1% of the gross domestic product of the year, said the National Bank of Georgia.
During the fourth quarter of 2019, the gross external debt of Georgia increased by $729 million. Out of that, a $529.5-million increase was due to transactions, while exchange rate changes also led to an increase by $141.6 million.
Price and other changes lead to an increase by $33.9 million and $23.9 million, respectively.
In total, foreign direct investments (FDI) in Georgia amounted to $1.26 billion in 2019, up by 0.2%.
As for Georgia’s international investment position (IIP), the IIP amounted to negative $23.8 billion as of December 31, 2019. Net IIP deteriorated by $1 billion QoQ.
The data from the National Bank of Georgia (NBG) about the country’s balance of payments indicated how much money entered and left the country: the NBG said Georgia’s current account deficit of balance of payment reached its historical minimum in 2019, amounting to $897.3 million. (Agenda/Business World Magazine)
