Central government debt, total in Georgia
Georgia: Central government debt, total was 40.1% in 2024. ▼ Falling
Central government debt, total in Georgia, 1995–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, central government debt, total in Georgia stood at 40.1%.
The figure is down 7.6% on the previous year and up 31.9% over ten years.
Over the whole period, central government debt, total in Georgia peaked at 65.2% in 2020 and was at its lowest, 19.2%, in 2007.
Georgia ranks 58th of 83 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 30 years of available data.
Central government debt, total in Georgia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 61.1% | — |
| 1996 | 46.4% | -24.0% |
| 1997 | 45.9% | -1.1% |
| 1998 | 56.9% | +24.0% |
| 1999 | 60.8% | +6.8% |
| 2000 | 58.5% | -3.7% |
| 2001 | 56.0% | -4.3% |
| 2002 | 55.4% | -1.0% |
| 2003 | 45.5% | -17.9% |
| 2004 | 36.9% | -18.9% |
| 2005 | 29.2% | -20.8% |
| 2006 | 23.1% | -21.0% |
| 2007 | 19.2% | -16.8% |
| 2008 | 23.5% | +22.2% |
| 2009 | 30.9% | +31.5% |
| 2010 | 31.4% | +1.8% |
| 2011 | 27.7% | -11.9% |
| 2012 | 28.1% | +1.5% |
| 2013 | 28.9% | +3.0% |
| 2014 | 30.4% | +5.0% |
| 2015 | 36.0% | +18.5% |
| 2016 | 39.5% | +9.7% |
| 2017 | 38.8% | -1.6% |
| 2018 | 38.2% | -1.6% |
| 2019 | 44.7% | +17.0% |
| 2020 | 65.2% | +45.8% |
| 2021 | 54.7% | -16.1% |
| 2022 | 43.0% | -21.5% |
| 2023 | 43.4% | +1.0% |
| 2024 | 40.1% | -7.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 54.2% | 45.9% | 61.1% | 5 |
| 2000s | 37.8% | 19.2% | 58.5% | 10 |
| 2010s | 34.4% | 27.7% | 44.7% | 10 |
| 2020s | 49.3% | 40.1% | 65.2% | 5 |
Countries ranked near Georgia
More economy & growth data for Georgia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.32 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5 Percent per annum (2029)
- Final consumption expenditure (constant 2015 US$), per capita 6,205 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 9.49 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.06 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 10,255 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 10.35 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 2.9 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 28,122 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 6.99 % change on previous year (2025)
Frequently asked questions
- What is central government debt, total in Georgia?
- Central government debt, total in Georgia was 40.1% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Georgia?
- The highest recorded value was 65.2% in 2020.
- What is the lowest central government debt, total recorded in Georgia?
- The lowest recorded value was 19.2% in 2007.
- How does Georgia rank for central government debt, total?
- Georgia ranks 58th out of 83 countries with data for 2024.
- Is central government debt, total rising or falling in Georgia?
- Over the last ten years it is up 31.9%. The long-run trend across the full record is falling.
- Where does this Georgia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.