Interest payments in Georgia
Georgia: Interest payments was 5.9% in 2023. ◆ Volatile
Interest payments in Georgia, 1995–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in Georgia stood at 5.9%.
That represents a change of up 39.6% on the previous year and up 80.3% over ten years.
Over the whole period, interest payments in Georgia peaked at 18.6% in 2000 and was at its lowest, 2.1%, in 2008.
That places Georgia 84th out of 152 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in Georgia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1995 | 3.8% | — |
| 1996 | 8.5% | +127.0% |
| 1997 | 9.3% | +8.9% |
| 1998 | 14.9% | +60.2% |
| 1999 | 15.6% | +4.4% |
| 2000 | 18.6% | +19.7% |
| 2001 | 10.7% | -42.4% |
| 2002 | 12.8% | +19.0% |
| 2003 | 13.5% | +5.7% |
| 2004 | 7.3% | -45.6% |
| 2005 | 4.8% | -35.3% |
| 2006 | 3.1% | -34.5% |
| 2007 | 2.2% | -29.5% |
| 2008 | 2.1% | -3.5% |
| 2009 | 3.0% | +40.2% |
| 2010 | 3.6% | +21.8% |
| 2011 | 4.7% | +29.4% |
| 2012 | 3.7% | -21.7% |
| 2013 | 3.3% | -11.4% |
| 2014 | 2.9% | -9.5% |
| 2015 | 3.4% | +16.0% |
| 2016 | 3.8% | +11.1% |
| 2017 | 4.3% | +13.1% |
| 2018 | 4.8% | +11.9% |
| 2019 | 5.0% | +4.4% |
| 2020 | 5.3% | +6.0% |
| 2021 | 4.8% | -8.7% |
| 2022 | 4.2% | -13.4% |
| 2023 | 5.9% | +39.6% |
Georgia compared with similar countries
- Georgia's 5.9% is below the median for upper middle income countries, which is 8.8%, 67% of the median. (47 countries reporting)
- Georgia's 5.9% is above the median for Europe & Central Asia, which is 3.3%, 1.8× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.4% | 3.8% | 15.6% | 5 |
| 2000s | 7.8% | 2.1% | 18.6% | 10 |
| 2010s | 3.9% | 2.9% | 5.0% | 10 |
| 2020s | 5.1% | 4.2% | 5.9% | 4 |
Countries ranked near Georgia
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Frequently asked questions
- What is interest payments in Georgia?
- Interest payments in Georgia was 5.9% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Georgia?
- The highest recorded value was 18.6% in 2000.
- What is the lowest interest payments recorded in Georgia?
- The lowest recorded value was 2.1% in 2008.
- How does Georgia rank for interest payments?
- Georgia ranks 84th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Georgia?
- Over the last ten years it is up 80.3%. 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 Interest payments (% of expense). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.