Georgia recorded a government debt equivalent to 43 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Georgia averaged 37 percent from 2004 until 2018, reaching an all time high of 44.40 percent in 2016 and a record low of 21.55 percent in 2007.

Government Debt to GDP in Georgia is expected to be 44.00 percent by the end of this quarter, 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 42.10 percent in 2020, according to our econometric models.

Georgia Government Debt to GDP
Forecast Data Chart
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Georgia Government Last Previous Highest Lowest Unit
Government Debt to GDP 43.00 44.20 44.40 21.55 percent [+]
Government Budget -2.30 -3.20 4.50 -6.70 percent of GDP [+]
Government Spending 1737.20 1722.40 2018.50 41.10 GEL Million [+]
Government Revenues 872.30 1032.10 1096.50 148.50 GEL Million [+]
Fiscal Expenditure 753.60 930.90 1377.00 132.00 GEL Million [+]
Military Expenditure 312.00 308.00 927.00 33.70 USD Million [+]
Credit Rating 37.50 [+]
Government Budget Value 118.70 101.20 387.20 -319.40 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. This page provides - Georgia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Government Debt to GDP - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
43.00 44.20 44.40 21.55 2004 - 2018 percent Yearly

Country Last Previous
Japan 238.20 Dec/18
Italy 134.80 Dec/18
Singapore 112.20 Dec/18
United States 106.10 Dec/18
France 98.40 Dec/18
Spain 97.10 Dec/18
Canada 89.70 Dec/18
Argentina 86.20 Dec/18
Euro Area 85.10 Dec/18
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Brazil 77.22 Dec/18
India 68.30 Dec/18
Germany 60.90 Dec/18
South Africa 55.80 Dec/18
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China 50.50 Dec/18
Mexico 46.00 Dec/18
Australia 40.70 Dec/18
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Turkey 30.40 Dec/18
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Saudi Arabia 19.10 Dec/18
Russia 13.50 Dec/17