Georgia Debt to GDP Ratio 1995-2024

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.
  • Georgia debt to gdp ratio for 2021 was 55.38%, a 10.5% decline from 2020.
  • Georgia debt to gdp ratio for 2020 was 65.88%, a 20.73% increase from 2019.
  • Georgia debt to gdp ratio for 2019 was 45.15%, a 6.27% increase from 2018.
  • Georgia debt to gdp ratio for 2018 was 38.89%, a 0.5% decline from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Government Debt as % of GDP
Zambia 71.25%
Mongolia 67.57%
El Salvador 65.55%
Kyrgyz Republic 59.64%
Georgia 55.38%
Indonesia 44.40%
Moldova 32.12%
Georgia Debt to GDP Ratio - Historical Data
Year Government Debt as % of GDP Annual Change
2021 55.38% -10.50%
2020 65.88% 20.73%
2019 45.15% 6.27%
2018 38.89% -0.50%
2017 39.39% -0.88%
2016 40.27% 3.62%
2015 36.65% 5.67%
2014 30.98% 1.48%
2013 29.50% 0.70%
2012 28.80% 0.42%
2011 28.37% -3.52%
2010 31.89% 1.04%
2009 30.86% 7.38%
2008 23.47% 4.27%
2007 19.20% -3.89%
2006 23.09% -6.14%
2005 29.23% -7.69%
2004 36.92% -8.59%
2003 45.51% -9.94%
2002 55.45% -0.58%
2001 56.03% -2.49%
2000 58.52% -2.26%
1999 60.78% 3.87%
1998 56.91% 11.00%
1997 45.90% -0.50%
1996 46.40% -14.65%
1995 61.05% -14.65%