BAKU, Azerbaijan, June 30
By Tamilla Mammadova – Trend:
The net international investment position (IIP) of Georgia amounted to -$22.4 billion as of March 31, 2020, accounting for -127 percent of the last four quarter Gross Domestic Product (GDP), Trend reports referring to National Bank of Georgia (NBG).
In 1Q2020, net IIP improved by $1.3 billion compared to the previous quarter.
International assets amounted to $10.4 billion by March 31, 2020, down by $294.5 million quarter-on-quarter.
Liabilities decreased by $1.6 billion during the quarter totaling $32.8 billion.
The net international investment position (IIP) of Georgia amounted to -$23.8 billion in 2019. As reported, this accounted for -134.2 percent of the last year GDP.
In 2019, net IIP dropped by $1 billion compared to the previous quarter. International assets amounted to $10.7 billion by December 31, 2019, up by $331.9 million quarter-on-quarter.
---
Follow the author on Twitter: @Mila61979356