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. External debt statistics are compiled according to the methodology provided by the IMF's “External Debt Statistics: Guide for Compilers and Users” (2003).

The gross external debt of Georgia amounted to USD 28.2 billion (GEL 74.5 billion) as of 30 of June 2026. It stood at 69.3% of last four quarters’ GDP. During the second quarter of 2026 the gross external debt of Georgia increased by USD 670.0 million. Out of that, transactions lead to USD 627.7 million increase, price changes to USD 28.2 million and exchange rate changes to USD 15.6 million increase, while other changes lead to reduction of the debt by USD 1.5 million.

Public sector external debt amounted to USD 11.3 billion (GEL 29.8 billion) or 27.7 percent of GDP, out of which, debt of the general government amounted to USD 9.1 billion (GEL 24.1 billion) or 22.4 percent of GDP. External liabilities of the National Bank of Georgia amounted to USD 733.9 million (GEL 1.9 billion) or 1.8 percent of GDP, and the bonds and loans of public enterprises were correspondingly USD 483.0 million (GEL 1.3 billion) or 1.2 percent of GDP and USD 907.2 million (GEL 2.4 billion) and 2.2 percent of GDP.

Banking sector external debt amounted to USD 10.8 billion (GEL 28.4 billion) or 26.4 percent of GDP; Other sectors’ external debt stood at USD 4.2 billion (GEL 11.1 billion) or 10.3 percent of GDP; While USD 3.3 billion (GEL 8.8 billion) or 8.2 percent of GDP was the intercompany lending. 83.1 percent of the gross external debt of Georgia was denominated in a foreign currency. The net external debt of Georgia amounted to USD 12.2 billion (GEL 32.2 billion) or 29.9 percent of the last four quarters’ GDP. Net public sector external debt was USD 4.1 billion (GEL 10.9 billion) or 10.1 percent of GDP.

External liabilities of the National Bank of Georgia decreased by USD 38.9 million, out of that, transactions lead to USD 38.9 million decrease and exchange rate changes increased the debt by USD 11.5 thousand. By the end of the second quarter of 2026, the external debt of the National Bank of Georgia amounted to USD 733.9 million, of which USD 470.9 million are Special Drawing Rights (SDR)1, which have no maturity date, therefore there is no obligation to repay them as long as Georgia is a member of the IMF.

The presented statistical information is published on the website of the National Bank of Georgia under the heading “Statistics”.