Georgia: Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$)

Key figures

What the numbers say

In 2024, Georgia's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) rose 17.5% on 2023 (from US$689.49 million to US$810.1 million).

Across the 30 yearly changes before that (1994 to 2023), the average change was +48.2% and a typical year strayed about 125.3% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 481.4% in 1997 and the biggest yearly fall was 69.8% in 2012. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 20% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Georgia had the 56th highest value of the 120 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Georgia in the 2024 ranking

• Ghana — 53rd of 120: US$845.83 million
• Gabon — 54th of 120: US$827.4 million
• Lao PDR — 55th of 120: US$820.71 million
• Zambia — 57th of 120: US$687.29 million
• Myanmar — 58th of 120: US$660.99 million
• North Macedonia — 59th of 120: US$639.46 million

What this measures

Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Data are in current U.S. dollars.

Regional and income-group figures are computed by the World Bank as a sum.

All 32 values

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) in nearby economies

• Albania — US$503.59 million (2024)
• Armenia — US$569.13 million (2024)
• Azerbaijan — US$3.31 billion (2024)
• Belarus — US$3.56 billion (2024)
• Bosnia and Herzegovina — US$567.79 million (2024)
• Bulgaria — US$2.25 billion (2024)
• Kazakhstan — US$5.55 billion (2024)
• Kosovo

More economic policy & debt data for Georgia

• GDP (current LCU) — 104.6 billion (2025)
• GDP (constant 2015 US$) — US$27.07 billion (2025)
• GDP (constant LCU) — 72.71 billion (2025)
• GDP per capita (current LCU) — 26,576 (2025)
• GDP per capita (constant 2015 US$) — US$6,877 (2025)
• GDP per capita (constant LCU) — 18,474 (2025)
• GDP (annual % growth) — 7.46% (2025)
• GDP per capita (annual % growth) — 4.1% (2025)
• Adjusted savings, education expenditure (% of GNI) — 1.76% (2021)
• Adjusted savings, mineral depletion (current US$) — US$184.49 million (2021)
• Adjusted savings, energy depletion (current US$)

Reading data like this

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Questions people ask

What is Georgia's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$)?

US$810.1 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1993?

It is up 6,183% from US$12.89 million in 1993 (14.29% a year on average, compounded). The highest value was US$1.18 billion in 2021 and the lowest US$5.93 million in 1994.

How does Georgia rank?

56th highest of 120 economies with data for 2024.

Is the latest change in debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) unusual for Georgia?

In 2024, Georgia's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) rose 17.5% on 2023 (from US$689.49 million to US$810.1 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +48.2% and a typical year strayed about 125.3% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator DT.TDS.DPPG.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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