Total debt service in Georgia
Georgia: Total debt service was 26.6% in 2024. ▲ Rising
Total debt service in Georgia, 1997–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
The most recent figure for total debt service in Georgia is 26.6%, measured in 2024.
Compared with earlier readings it is up 27.4% on the previous year and up 10.9% over ten years.
Over the whole period, total debt service in Georgia peaked at 36.8% in 2016 and was at its lowest, 6.0%, in 2007.
That places Georgia 21st out of 120 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Total debt service in Georgia, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1997 | 6.1% | — |
| 1998 | 23.4% | +283.6% |
| 1999 | 15.3% | -34.5% |
| 2000 | 12.7% | -17.3% |
| 2001 | 8.0% | -36.7% |
| 2002 | 11.5% | +43.1% |
| 2003 | 12.8% | +11.8% |
| 2004 | 12.7% | -1.1% |
| 2005 | 8.1% | -36.5% |
| 2006 | 10.7% | +32.4% |
| 2007 | 6.0% | -44.2% |
| 2008 | 16.7% | +180.5% |
| 2009 | 21.0% | +25.3% |
| 2010 | 17.5% | -16.5% |
| 2011 | 24.8% | +41.7% |
| 2012 | 21.7% | -12.5% |
| 2013 | 20.9% | -3.7% |
| 2014 | 24.0% | +14.8% |
| 2015 | 31.0% | +29.6% |
| 2016 | 36.8% | +18.4% |
| 2017 | 29.7% | -19.1% |
| 2018 | 23.9% | -19.5% |
| 2019 | 22.5% | -5.7% |
| 2020 | 35.6% | +57.7% |
| 2021 | 29.5% | -17.2% |
| 2022 | 21.0% | -28.7% |
| 2023 | 20.8% | -0.7% |
| 2024 | 26.6% | +27.4% |
Georgia compared with similar countries
- Georgia's 26.6% is above the median for upper middle income countries, which is 14.4%, 1.8× the median. (51 countries reporting)
- Georgia's 26.6% is above the median for Europe & Central Asia, which is 14.0%, 1.9× the median. (19 countries reporting)
Biggest year-on-year movements
Years where Total debt service 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 |
|---|---|---|---|
| 1998 | +283.6% | 6.1% | 23.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.9% | 6.1% | 23.4% | 3 |
| 2000s | 12.0% | 6.0% | 21.0% | 10 |
| 2010s | 25.3% | 17.5% | 36.8% | 10 |
| 2020s | 26.7% | 20.8% | 35.6% | 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 total debt service in Georgia?
- Total debt service in Georgia was 26.6% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Georgia?
- The highest recorded value was 36.8% in 2016.
- What is the lowest total debt service recorded in Georgia?
- The lowest recorded value was 6.0% in 2007.
- How does Georgia rank for total debt service?
- Georgia ranks 21st out of 120 countries with data for 2024.
- Is total debt service rising or falling in Georgia?
- Over the last ten years it is up 10.9%. The long-run trend across the full record is rising.
- Where does this Georgia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% 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
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.