Net incurrence of liabilities, total in Georgia
Georgia: Net incurrence of liabilities, total was 1.93 billion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, total in Georgia, 1995–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Georgia recorded 1.93 billion current LCU for net incurrence of liabilities, total in 2024.
The figure is down 15.6% on the previous year and up 92.1% over ten years.
Over the whole period, net incurrence of liabilities, total in Georgia peaked at 6.30 billion current LCU in 2020 and was at its lowest, -80.80 million current LCU, in 2006.
Georgia ranks 100th of 136 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 216.60 million current LCU | 138.70 million current LCU | 289.70 million current LCU | 5 |
| 2000s | 221.79 million current LCU | -80.80 million current LCU | 962.20 million current LCU | 10 |
| 2010s | 939.17 million current LCU | 222.70 million current LCU | 1.42 billion current LCU | 10 |
| 2020s | 3.18 billion current LCU | 1.93 billion current LCU | 6.30 billion current LCU | 5 |
Countries ranked near Georgia
More public sector data for Georgia
- Arms imports 17.00 million SIPRI trend indicator values (2024)
- Tax revenue 24.3% (2024)
- Taxes on income, profits and capital gains 38.5% (2024)
- Taxes on goods and services 44.5% (2024)
- Net investment in nonfinancial assets 4.6% (2024)
- Net lending (+) / net borrowing (-) -2.1% (2024)
- Interest payments 5.5% (2024)
- Grants and other revenue 16.1% (2024)
- Interest payments 5.9% (2023)
- Other taxes 0.3% (2024)
Frequently asked questions
- What is net incurrence of liabilities, total in Georgia?
- Net incurrence of liabilities, total in Georgia was 1.93 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Georgia?
- The highest recorded value was 6.30 billion current LCU in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Georgia?
- The lowest recorded value was -80.80 million current LCU in 2006.
- How does Georgia rank for net incurrence of liabilities, total?
- Georgia ranks 100th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Georgia?
- Over the last ten years it is up 92.1%. The long-run trend across the full record is volatile.
- Where does this Georgia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.