BAKU, Azerbaijan, March 30
Tamilla Mammadova – Trend:
The gross external debt of Georgia amounted to $20.3 billion as of December 31, 2020, Trend reports via the National Bank of Georgia (NBG).
Gross external debt statistics are harmonized with BOP statistics. They include both public sector (general government, public corporations and national bank) and private sector (banking and other sectors) external debt.
It accounted for 127.7 percent of 2020 annual GDP. During the fourth quarter of 2020 the gross external debt of Georgia increased by $640.1 million.
Out of that, $328.3 million increase was due to transactions, $276.4 million increase - due to exchange rate changes, $34.1 million increase due to price changes and $1.2 million increase was due to other changes.
Public sector external debt amounted to $9.7 billion or 61.3 percent of GDP. Out of which, the debt of the general government amounted to $7.4 billion or 46.8 percent of GDP.
External liabilities of the National Bank of Georgia amounted to $583.2 million or 3.7 percent of GDP, and the bonds and loans of public enterprises were corresponding $802.7 million or 5.1 percent of GDP and $923.6 million and 5.8 percent of GDP.
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