Georgia’s External Debt Climbs, Reflecting Economic Pressure

The Georgian National Bank has announced that Georgia’s external debt grew by $300 million in the first quarter of 2025, reaching a total of $25.5 billion as of April 1.

The country’s external debt now amounts to 74.2 per cent of its GDP, reflecting ongoing financial obligations and economic challenges, The Caspian Post reports via local media.

Within this total, $11 billion is government-guaranteed debt, with 88.6 per cent of that denominated in foreign currencies, underscoring Georgia’s exposure to exchange rate fluctuations.

As of March 31, Georgia’s net external debt stood at $13.3 billion, or 38.7 per cent of GDP, while the net public debt was reported at $6.7 billion, equivalent to 18.4 per cent of GDP.