Short-term debt in Georgia
Georgia: Short-term debt was 26.1% in 2024. ◆ Volatile
Short-term debt in Georgia, 1997–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Georgia recorded 26.1% for short-term debt in 2024.
The figure is up 7.0% on the previous year and down 2.0% over ten years.
Over the whole period, short-term debt in Georgia peaked at 33.7% in 2020 and was at its lowest, 0.9%, in 1999.
That places Georgia 26th out of 119 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 in Georgia, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1997 | 2.8% | — |
| 1998 | 3.1% | +9.2% |
| 1999 | 0.9% | -70.2% |
| 2000 | 4.4% | +376.7% |
| 2001 | 7.7% | +73.8% |
| 2002 | 2.9% | -62.4% |
| 2003 | 2.7% | -7.4% |
| 2004 | 5.7% | +112.7% |
| 2005 | 2.1% | -63.1% |
| 2006 | 15.3% | +635.3% |
| 2007 | 18.2% | +18.7% |
| 2008 | 24.4% | +34.1% |
| 2009 | 25.2% | +3.1% |
| 2010 | 24.0% | -4.8% |
| 2011 | 25.8% | +7.5% |
| 2012 | 30.4% | +18.0% |
| 2013 | 25.7% | -15.5% |
| 2014 | 26.7% | +3.7% |
| 2015 | 29.4% | +10.2% |
| 2016 | 33.2% | +13.0% |
| 2017 | 28.1% | -15.3% |
| 2018 | 22.8% | -19.0% |
| 2019 | 20.8% | -8.5% |
| 2020 | 33.7% | +61.7% |
| 2021 | 26.0% | -23.0% |
| 2022 | 26.1% | +0.7% |
| 2023 | 24.4% | -6.6% |
| 2024 | 26.1% | +7.0% |
Georgia compared with similar countries
- Georgia's 26.1% is above the median for upper middle income countries, which is 17.7%, 1.5× the median. (51 countries reporting)
- Georgia's 26.1% is above the median for Europe & Central Asia, which is 18.6%, 1.4× the median. (19 countries reporting)
Biggest year-on-year movements
Years where Short-term 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 |
|---|---|---|---|
| 2006 | +635.3% | 2.1% | 15.3% |
| 2000 | +376.7% | 0.9% | 4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.3% | 0.9% | 3.1% | 3 |
| 2000s | 10.8% | 2.1% | 25.2% | 10 |
| 2010s | 26.7% | 20.8% | 33.2% | 10 |
| 2020s | 27.3% | 24.4% | 33.7% | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 266.07 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.007 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 67.6 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.66 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 3.27 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0434 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 420.58 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 38.45 % change on previous year (2025)
Frequently asked questions
- What is short-term debt in Georgia?
- Short-term debt in Georgia was 26.1% 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 33.7% in 2020.
- What is the lowest short-term debt recorded in Georgia?
- The lowest recorded value was 0.9% in 1999.
- How does Georgia rank for short-term debt?
- Georgia ranks 26th out of 119 countries with data for 2024.
- Is short-term debt rising or falling in Georgia?
- Over the last ten years it is down 2.0%. 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 exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.