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Georgia's external debt totals $13.4 billion

Georgia Materials 29 June 2013 11:19 (UTC +04:00)
As of March 31, 2013, Georgia's foreign debt amounted to $13.4 billion, or 83.9 percent of GDP, the National Bank of Georgia told Trend.
Georgia's external debt totals $13.4 billion

Georgia, Tbilisi, June 28 / Trend N.Kirtzkhalia /

As of March 31, 2013, Georgia's foreign debt amounted to $13.4 billion, or 83.9 percent of GDP, the National Bank of Georgia told Trend.

$4.2 billion of debt accounts for the public sector (26.5percent of GDP), $500.2 million - National Bank (3.1percent of GDP), $2.4 billion (148percent of GDP) - the banking sector, $3.4 billion (21.1 percent of GDP) - other sectors, and $2.9 billion (18.3 percent of GDP) - intercompany debt.

93.5 percent of Georgia's total external debt is denominated in foreign currency.

In the first quarter of 2013, Georgia's external debt decreased by $15.5 million compared to the previous quarter. Thus, the debt increased by $71.4 million due to operational changes and by $16.7 million due to changes in prices. As a result of other changes, the debt decreased by $112.7 million.

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