05.07.2016, 08:34
Gross External Debt of Georgia
OREANDA-NEWS. The gross external debt of Georgia amounted to 14.6 billion USD (34.6 billion GEL) as of 31 March 2016, 107.1 percent of the last four quarters GDP. During the first quarter of 2016 the gross external debt of Georgia decreased by 429.9 million USD. Out of that 605.0 million USD decrease was due to transactions. This change is mainly resulted by the transferring direct investor’s debt in equity capital.
Public sector external debt amounted to 6.2 billion USD (14.7 billion GEL) or 45.4 percent of GDP. Out of which, the debt of the general government amounted to 4.5 billion USD (10.7 billion GEL) or 33.1 percent of GDP; External liabilities of the National Bank of Georgia amounted to 219.4 million USD (519.6 million GEL) or 1.6 percent of GDP; And the bonds and loans of public enterprises were correspondingly 801.0 million USD (1.9 billion GEL) 5.9 percent of GDP and 655.6 million USD (1.6 billion GEL) 4.8 percent of GDP.
Banking sector external debt amounted to 3.0 billion USD (7.1 billion GEL) or 21.9 percent of GDP; Other sectors’ external debt stood at 4.6 billion USD (10.9 billion GEL) or 33.7 percent of GDP; While 2.3 billion USD (5.4 billion GEL) or 16.8 percent of GDP was the intercompany lending. 94.9 percent of the gross external debt of Georgia was denominated in foreign currency.
The net external debt of Georgia amounted to 9.0 billion USD (21.2 billion GEL or 65.8 percent of GDP) as of 31 March 2016. Net public sector external debt was 3.7 billion USD (8.8 billion GEL or 27.1 percent of GDP).
External liabilities of the National Bank of Georgia increased by 180.8 thousand USD, out of that, transactions led to decrease of the debt by 3.4 million USD and exchange rate changes led to its increase by 3.6 million USD . By the end of the first quarter of 2016, the external debt of the National Bank of Georgia amounted to 219.4 million USD, of which 202.8 million USD 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.
Public sector external debt amounted to 6.2 billion USD (14.7 billion GEL) or 45.4 percent of GDP. Out of which, the debt of the general government amounted to 4.5 billion USD (10.7 billion GEL) or 33.1 percent of GDP; External liabilities of the National Bank of Georgia amounted to 219.4 million USD (519.6 million GEL) or 1.6 percent of GDP; And the bonds and loans of public enterprises were correspondingly 801.0 million USD (1.9 billion GEL) 5.9 percent of GDP and 655.6 million USD (1.6 billion GEL) 4.8 percent of GDP.
Banking sector external debt amounted to 3.0 billion USD (7.1 billion GEL) or 21.9 percent of GDP; Other sectors’ external debt stood at 4.6 billion USD (10.9 billion GEL) or 33.7 percent of GDP; While 2.3 billion USD (5.4 billion GEL) or 16.8 percent of GDP was the intercompany lending. 94.9 percent of the gross external debt of Georgia was denominated in foreign currency.
The net external debt of Georgia amounted to 9.0 billion USD (21.2 billion GEL or 65.8 percent of GDP) as of 31 March 2016. Net public sector external debt was 3.7 billion USD (8.8 billion GEL or 27.1 percent of GDP).
External liabilities of the National Bank of Georgia increased by 180.8 thousand USD, out of that, transactions led to decrease of the debt by 3.4 million USD and exchange rate changes led to its increase by 3.6 million USD . By the end of the first quarter of 2016, the external debt of the National Bank of Georgia amounted to 219.4 million USD, of which 202.8 million USD 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.
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