Government Debt to GDP in Georgia increased to 62.40 percent in 2020 from 41.20 percent in 2019. source: National Bank of Georgia

Government Debt to GDP in Georgia averaged 38.75 percent from 2004 until 2020, reaching an all time high of 62.40 percent in 2020 and a record low of 21.55 percent in 2007. This page provides - Georgia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Government Debt to GDP - values, historical data and charts - was last updated on April of 2021.

Government Debt to GDP in Georgia is expected to reach 56.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Government Debt to GDP is projected to trend around 53.00 percent in 2022, according to our econometric models.

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Georgia Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
62.40 41.20 62.40 21.55 2004 - 2020 percent Yearly

Georgia Government Last Previous Highest Lowest Unit
Government Debt to GDP 62.40 41.20 62.40 21.55 percent [+]
Government Budget -3.40 -2.60 4.50 -6.70 percent of GDP [+]
Government Spending 2065.80 1741.80 2065.80 41.10 GEL Million [+]
Government Revenues 864.00 1066.90 1141.60 148.50 GEL Million [+]
Fiscal Expenditure 977.40 1013.10 1633.50 132.00 GEL Million [+]
Military Expenditure 337.00 327.00 938.00 34.10 USD Million [+]
Credit Rating 45.00 [+]
Government Budget Value -259.40 -87.00 387.20 -907.90 GEL Million [+]


Georgia Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.