Georgia: Short-term debt (% of exports of goods, services and primary income)

Key figures

What the numbers say

In 2024, Georgia's short-term debt (% of exports of goods, services and primary income) rose 1.72 percentage points on 2023 (from 24.41% to 26.13%).

Across the 26 yearly changes before that (1998 to 2023), the average change was +0.83 percentage points and a typical year strayed about 5.04 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above 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 13.25 percentage points in 2006 and the biggest yearly fall was 7.75 percentage points in 2021. 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 12% 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 22nd highest value of the 99 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

• North Macedonia — 18th of 99: 29.68%
• Sri Lanka — 19th of 99: 28.67%
• Ukraine — 20th of 99: 27.77%
• Bangladesh — 22nd of 99: 24.44%
• Colombia — 23rd of 99: 24.24%
• Pakistan — 24th of 99: 23.26%

What this measures

Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.

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

All 28 values

Short-term debt (% of exports of goods, services and primary income) in nearby economies

• Albania — 11.4% (2024)
• Armenia — 17.66% (2024)
• Azerbaijan — 0.6% (2024)
• Belarus — 19.06% (2024)
• Bosnia and Herzegovina — 22.93% (2024)
• Bulgaria — 15.01% (2022)
• Kazakhstan — 20.54% (2024)
• Kosovo — 29.69% (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$184.49 million (2021)
• Adjusted savings, energy depletion (current US$)

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Questions people ask

What is Georgia's short-term debt (% of exports of goods, services and primary income)?

26.13% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1997?

It is up 23.29 percentage points from 2.84% in 1997. The highest value was 33.71% in 2020 and the lowest 0.92% in 1999.

How does Georgia rank?

22nd highest of 99 economies with data for 2024.

Is the latest change in short-term debt (% of exports of goods, services and primary income) unusual for Georgia?

In 2024, Georgia's short-term debt (% of exports of goods, services and primary income) rose 1.72 percentage points on 2023 (from 24.41% to 26.13%). Across the 26 yearly changes before that (1998 to 2023), the average change was +0.83 percentage points and a typical year strayed about 5.04 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above 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.DSTC.XP.ZS, 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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