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Georgia’s total external debt slightly drops in 9 months

Jan. 02–Georgia’s total external debt decreased by 0.3 percent in Jan.-Sept. 2014 and exceeded $13.142 billion.

The country’s National Bank said that this figure is 19.7 percent more than the real GDP of Georgia in the first nine months of 2014 and accounts for 78.9 percent of the country’s forecasted GDP as of 2014.

The country’s external debt has decreased by 0.4 percent in Q3 of 2014.

The public sector debt fell by 0.7 percent in the first nine months of 2014 and surpassed $4.157 billion (31.6 percent of the total external debt), while the debt of the National Bank dropped by 22.4 percent and totaled $262.3 million (2 percent).

The debt of the banking sector increased by 0.1 percent and exceeded $2.649 billion (20.2 percent of the total debt). The debt of other sectors of the economy, including the debts between the companies increased by 1.1 percent and surpassed $6.073 billion (46.2 percent).

The debt in the foreign currency in the structure of Georgia’s total external debt is 93.7 percent, which is 0.6 percentage points less compared to early 2014.