As of September 30, Georgia's gross external debt amounted to $25.3 billion, representing 76.9 percent of the gross domestic product (GDP) over the last four quarters, according to the National Bank of Georgia's latest update on national debt statistics released on Monday.

The report highlighted a $734.1 million increase in external debt during the third quarter of 2024. This rise was attributed to a $450.7 million increase from exchange rate fluctuations, a $291 million increase from transactions, and a $40 million increase due to price changes, partially offset by a $47.7 million reduction from other adjustments.

The external debt of the public sector was recorded at $11.4 billion, or 34.6 percent of GDP, while the debt of the general government stood at $8.8 billion, equivalent to 26.9 percent of GDP.

Georgia’s net international investment position (Net IIP) for September 30 was reported at -$29.8 billion, accounting for -90.5 percent of the last four quarters' GDP. This marked a $355.6 million decline compared to the previous quarter. International assets reached $17.4 billion, an increase of $1.3 billion from the previous quarter, while liabilities grew by $1.6 billion, totaling $47.2 billion.

The National Bank also provided updates on Georgia’s balance of payments, revealing a current account surplus of $61.4 million. The trade of goods and income accounts negatively impacted the current account, whereas the services account and current transfers contributed positively.

Year-over-year, the current account balance improved by $75.1 million in the third quarter of 2024, with the current account-to-GDP ratio increasing from -0.2 percent to 0.7 percent.