Georgia's external debt stocks, private nonguaranteed (PNG) (DOD, current US$) was US$9.47 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 59.08% from US$5.96 billion in 2014 (4.75% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$9.47 billion | 2024 |
| Five years earlier | US$9.03 billion | 2019 |
| Ten years earlier | US$5.96 billion | 2014 |
| Highest | US$9.47 billion | 2024 |
| Lowest | US$15.17 million | 1998 |
| Average since 2015 | US$8.16 billion | 2015–2024 |
| First recorded | US$15.17 million |
What the numbers say
In 2024, Georgia's external debt stocks, private nonguaranteed (PNG) (DOD, current US$) rose 9.8% on 2023 (from US$8.63 billion to US$9.47 billion).
Across the 25 yearly changes before that (1999 to 2023), the average change was +67.2% and a typical year strayed about 230.7% 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 1,158.8% in 2008 and the biggest yearly fall was 13.4% in 2003. 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 the straight-line trend is upward, about US$343.39 million a year. A straight line explains 74% of the movement over 10 observed years.
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 28th highest value of the 86 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.
| Value | Year | |
|---|---|---|
| Georgia | US$9.47 billion | 2024 |
| Upper middle income | US$1.94 trillion | 2024 |
Closest to Georgia in the 2024 ranking
What this measures
Private nonguaranteed external debt comprises long-term external obligations of private debtors that are not guaranteed for repayment by a public entity. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 27 values
| Year | External debt stocks, private nonguaranteed (PNG) (DOD, current US$) |
|---|---|
| 2024 | 9,473,986,000 |
| 2023 | 8,630,990,000 |
| 2022 | 8,703,321,000 |
| 2021 | 9,381,170,000 |
| 2020 | 9,001,021,000 |
| 2019 | 9,031,446,000 |
| 2018 | 7,629,747,000 |
| 2017 | 6,548,183,000 |
| 2016 | 6,946,329,000 |
| 2015 | 6,266,429,000 |
External debt stocks, private nonguaranteed (PNG) (DOD, current US$) in nearby economies
- Albania — US$4.03 billion (2024)
- Armenia — US$6.1 billion (2024)
- Azerbaijan — US$1.82 billion (2024)
- Belarus — US$6.63 billion (2024)
- Bosnia and Herzegovina — US$5.18 billion (2024)
- Bulgaria — US$19.39 billion (2022)
- Kazakhstan — US$112.01 billion (2024)
- Kosovo — US$1.84 billion (2024)
- Kyrgyz Republic
More economic policy & debt data for Georgia
- GDP (current LCU) — 104.6 billion (2025)
- GDP (constant 2015 US$) — 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
Questions people ask
- What is Georgia's external debt stocks, private nonguaranteed (PNG) (DOD, current US$)?
- US$9.47 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1998?
- It is up 62,361% from US$15.17 million in 1998 (28.09% a year on average, compounded). The highest value was US$9.47 billion in 2024 and the lowest US$15.17 million in 1998.
- How does Georgia rank?
- 28th highest of 86 economies with data for 2024.
- Is the latest change in external debt stocks, private nonguaranteed (PNG) (DOD, current US$) unusual for Georgia?
- In 2024, Georgia's external debt stocks, private nonguaranteed (PNG) (DOD, current US$) rose 9.8% on 2023 (from US$8.63 billion to US$9.47 billion). Across the 25 yearly changes before that (1999 to 2023), the average change was +67.2% and a typical year strayed about 230.7% 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.DOD.DPNG.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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