Government Debt to GDP in Georgia decreased to 41.20 percent in 2019 from 43 percent in 2018. source: National Bank of Georgia

Government Debt to GDP in Georgia averaged 37.27 percent from 2004 until 2019, 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 February of 2021.

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
41.20 43.00 44.40 21.55 2004 - 2019 percent Yearly

Georgia Government Last Previous Highest Lowest Unit
Government Debt to GDP 41.20 43.00 44.40 21.55 percent [+]
Government Budget -3.40 -2.60 4.50 -6.70 percent of GDP [+]
Government Spending 1741.80 1514.90 2018.50 41.10 GEL Million [+]
Government Revenues 1141.60 816.70 1141.60 148.50 GEL Million [+]
Fiscal Expenditure 1633.50 987.00 1633.50 132.00 GEL Million [+]
Military Expenditure 312.00 308.00 927.00 33.70 USD Million [+]
Credit Rating 45.00 [+]
Government Budget Value -907.90 -349.60 387.20 -907.90 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.