Gross external debt of Georgia increases
BAKU, Azerbaijan, March 28
By Tamilla Mammadova – Trend:
The gross external debt of Georgia amounted to $18.6 billion in 2019, Trend reports via National Bank of Georgia.
As reported, it accounted for 105.1 percent of the annual 2019 GDP.
During the fourth quarter of 2019, the gross external debt of Georgia increased by $729 million. Out of that, $529.5 million increase was due to transactions, $141.6 million - due to exchange rate changes, $33.9 million - due to price changes and $23.9 million increase - due to other changes.
Public sector external debt amounted to $7.9 billion or 44.4 percent of GDP. Out of which, debt of the government amounted to $5.7 billion or 32.3 percent of GDP.
The net external debt of Georgia amounted to $10.7 billion (60.5 percent of last four quarter GDP) as of 31 December 2019. Net public sector external debt was $4.3 billion or 24.6 percent of GDP.
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