Short-term debt (% of total external debt) in Georgia
Georgia: Short-term debt (% of total external debt) was 18.8% in 2024. ◆ Volatile
Short-term debt in Georgia, 1992–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
Georgia recorded 18.8% for short-term debt in 2024.
Compared with earlier readings it is up 8.9% on the previous year and up 23.3% over ten years.
Over the whole period, short-term debt in Georgia peaked at 33.5% in 1994 and was at its lowest, 0.0%, in 1992.
That places Georgia 31st out of 122 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt (% of total external debt) in Georgia, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1992 | 0.0% | — |
| 1993 | 0.0% | — |
| 1994 | 33.5% | +113769.7% |
| 1995 | 6.9% | -79.4% |
| 1996 | 4.7% | -32.3% |
| 1997 | 1.5% | -68.4% |
| 1998 | 1.7% | +16.0% |
| 1999 | 0.4% | -77.9% |
| 2000 | 2.4% | +534.0% |
| 2001 | 4.1% | +69.8% |
| 2002 | 1.6% | -60.0% |
| 2003 | 1.8% | +8.8% |
| 2004 | 4.6% | +158.8% |
| 2005 | 2.3% | -49.1% |
| 2006 | 16.9% | +624.8% |
| 2007 | 22.2% | +31.2% |
| 2008 | 13.4% | -39.6% |
| 2009 | 10.7% | -20.6% |
| 2010 | 12.5% | +17.5% |
| 2011 | 13.1% | +4.8% |
| 2012 | 16.0% | +21.7% |
| 2013 | 15.3% | -4.3% |
| 2014 | 15.2% | -0.2% |
| 2015 | 14.2% | -6.7% |
| 2016 | 14.9% | +4.5% |
| 2017 | 15.3% | +2.6% |
| 2018 | 13.5% | -11.3% |
| 2019 | 12.1% | -10.4% |
| 2020 | 11.6% | -4.7% |
| 2021 | 10.8% | -6.7% |
| 2022 | 16.3% | +51.4% |
| 2023 | 17.3% | +5.8% |
| 2024 | 18.8% | +8.9% |
Georgia compared with similar countries
- Georgia's 18.8% is above the median for upper middle income countries, which is 11.8%, 1.6× the median. (52 countries reporting)
- Georgia's 18.8% is above the median for Europe & Central Asia, which is 15.5%, 1.2× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Short-term debt (% of total external debt) in Georgia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +113769.7% | 0.0% | 33.5% |
| 2006 | +624.8% | 2.3% | 16.9% |
| 2000 | +534.0% | 0.4% | 2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.1% | 0.0% | 33.5% | 8 |
| 2000s | 8.0% | 1.6% | 22.2% | 10 |
| 2010s | 14.2% | 12.1% | 16.0% | 10 |
| 2020s | 15.0% | 10.8% | 18.8% | 5 |
Countries ranked near Georgia
More external debt data for Georgia
- IFC, private nonguaranteed 120.89 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 31.71 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0035 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre -810.86 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 2.6% (2024)
- Net financial flows, IDA -104.43 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita -27.39 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0.0031 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 153.07 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 4.5% (2024)
Frequently asked questions
- What is short-term debt in Georgia?
- Short-term debt in Georgia was 18.8% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Georgia?
- The highest recorded value was 33.5% in 1994.
- What is the lowest short-term debt recorded in Georgia?
- The lowest recorded value was 0.0% in 1992.
- How does Georgia rank for short-term debt?
- Georgia ranks 31st out of 122 countries with data for 2024.
- Is short-term debt rising or falling in Georgia?
- Over the last ten years it is up 23.3%. The long-run trend across the full record is volatile.
- Where does this Georgia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.