Total External Debt for Georgia
GEODGDPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.19
Year-over-Year Change
-0.31%
Date Range
1/1/2004 - 1/1/2025
Summary
The 'Total External Debt for Georgia' measures the country's total outstanding debt owed to foreign creditors. This metric is crucial for assessing Georgia's financial health and creditworthiness on the global stage.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This indicator represents the total amount of money Georgia owes to entities outside of the country, including foreign governments, businesses, and financial institutions. It is a key data point used by economists, policymakers, and investors to evaluate Georgia's economic stability and risk profile.
Methodology
The data is collected and reported by the World Bank.
Historical Context
Monitoring external debt levels is important for informing fiscal and monetary policies in Georgia and understanding its integration with the global economy.
Key Facts
- Georgia's external debt was 104.3% of GDP in 2021.
- External debt has increased by over 50% since 2010.
- The majority of Georgia's external debt is long-term.
FAQs
Q: What does this economic trend measure?
A: The 'Total External Debt for Georgia' indicator measures the total outstanding debt owed by the Georgian government, businesses, and citizens to foreign creditors.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating Georgia's financial health, creditworthiness, and integration with the global economy. It informs economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank.
Q: How is this trend used in economic policy?
A: Monitoring external debt levels is important for informing fiscal and monetary policies in Georgia and understanding its integration with the global economy.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may not capture all private-sector external liabilities.
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Citation
U.S. Federal Reserve, Total External Debt for Georgia (GEODGDPGDPPT), retrieved from FRED.