National Bank of Georgia reports Georgia’s gross external debt at USD 27.3 billion at end-September 2025

The National Bank of Georgia published updated gross and net external debt statistics for Georgia, harmonised with balance of payments data and compiled under the IMF External Debt Statistics Guide. Gross external debt totalled USD 27.3 billion (GEL 74.4 billion) at 30 September 2025, equivalent to 74.2 percent of GDP over the last four quarters, while net external debt stood at USD 13.0 billion (GEL 35.3 billion) or 35.4 percent of GDP. During the third quarter of 2025, gross external debt rose by USD 807.4 million, driven mainly by USD 743.1 million in transactions and USD 44.5 million in price changes, plus USD 19.3 million from exchange-rate movements and USD 0.4 million from other changes. Public sector external debt was USD 11.6 billion (31.5 percent of GDP), including USD 9.1 billion for general government and USD 819.5 million for the National Bank of Georgia, while banking sector external debt was USD 9.4 billion, other sectors’ debt USD 5.3 billion, and intercompany lending USD 2.8 billion. Foreign-currency liabilities accounted for 87.6 percent of gross external debt. The National Bank of Georgia’s external liabilities decreased by USD 1.6 million over the quarter and included USD 476.1 million in allocated Special Drawing Rights recorded as liabilities with no maturity date, with no obligation to repay while Georgia remains an IMF member. The statistical information is published on the National Bank of Georgia’s website under “Statistics”.