Georgia recorded a government debt equivalent to 43 percent of the country's Gross Domestic Product in 2018.

Government Debt to GDP in Georgia averaged 37 percent from 2004 until 2018, reaching an all time high of 44.40 percent in 2016 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 October of 2020.

Government Debt to GDP in Georgia is expected to reach 45.30 percent by the end of 2020, 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 46.50 percent in 2021 and 45.90 percent in 2022, according to our econometric models.

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Georgia Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
43.00 44.20 44.40 21.55 2004 - 2018 percent Yearly

Georgia Government Last Previous Highest Lowest Unit
Government Debt to GDP 43.00 44.20 44.40 21.55 percent [+]
Government Budget -2.30 -3.20 4.50 -6.70 percent of GDP [+]
Government Spending 1514.90 1524.90 2018.50 41.10 GEL Million [+]
Government Revenues 820.90 869.80 1138.40 148.50 GEL Million [+]
Fiscal Expenditure 908.30 1210.10 1377.00 132.00 GEL Million [+]
Credit Rating 45.00 [+]
Military Expenditure 312.00 308.00 927.00 33.70 USD Million [+]
Government Budget Value -345.40 -120.80 387.20 -345.40 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.