The National Bank of Georgia published updated International Investment Position (IIP) statistics showing Georgia’s net IIP at USD -31.5 billion (GEL -87.0 billion) as of 31 March 2025, equal to -91.7% of GDP for the last four quarters. This represents a USD 1.4 billion deterioration compared with the previous quarter. International assets stood at USD 17.2 billion (GEL 47.6 billion), down USD 162.8 million quarter-on-quarter, while liabilities rose USD 1.3 billion to USD 48.7 billion (GEL 134.7 billion). The net IIP ratio compares with -89.0% of GDP as of 31 December 2024.