Public sector external debt amounted to 10.8 billion USD (28.3 billion GEL) or 38.4 percent of GDP, out of which, debt of the general government amounted to 8.3 billion USD (21.7 billion GEL) or 29.4 percent of GDP. External liabilities of the National Bank of Georgia amounted to 882.9 million USD (2.3 billion GEL) or 3.1 percent of GDP, and the bonds and loans of public enterprises were correspondingly 431.8 million USD (1.1 billion GEL) or 1.5 percent of GDP and 1.2 billion USD (3.2 billion GEL) and 4.3 percent of GDP.

The banking sector external debt amounted to 6.7 billion USD (17.6 billion GEL) or 23.9 percent of GDP; Other sectors’ external debt stood at 4.9 billion USD (12.7 billion GEL) or 17.3 percent of GDP; While 3.4 billion USD (9.0 billion GEL) or 12.2 percent of GDP was the intercompany lending. 88.7 percent of the gross external debt of Georgia was denominated in a foreign currency.

The net external debt of Georgia amounted to 13.0 billion USD (34.0 billion GEL) or 46.1 percent of the last four quarter GDP. Net public sector external debt was 5.9 billion USD (15.4 billion GEL) or 21.0 percent of GDP.

External liabilities of the National Bank of Georgia decreased by 25.9 million USD, out of that, transactions decreased the debt by 15.9 million USD and exchange rate changes by 10.1 million USD. By the end of the second quarter of 2023, the external debt of the National Bank of Georgia amounted to 882.9 million USD, of which 462.6 million USD are Special Drawing Rights (SDR), which have no maturity date, therefore there is no obligation to repay them as long as Georgia is a member of the IMF.