Net incurrence of liabilities, total in Georgia
Georgia: Net incurrence of liabilities, total was 2.1% 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 % of GDP.
Analysis
Georgia recorded 2.1% for net incurrence of liabilities, total in 2024.
The figure is down 26.6% on the previous year and down 34.5% over ten years.
Over the whole period, net incurrence of liabilities, total in Georgia peaked at 12.7% in 2020 and was at its lowest, -0.6%, in 2006.
Georgia ranks 90th 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.
Net incurrence of liabilities, total in Georgia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 5.7% | — |
| 1996 | 6.1% | +6.3% |
| 1997 | 6.4% | +4.9% |
| 1998 | 3.6% | -42.9% |
| 1999 | 4.2% | +15.3% |
| 2000 | 1.4% | -66.4% |
| 2001 | 1.3% | -10.9% |
| 2002 | 1.9% | +51.9% |
| 2003 | 1.6% | -13.9% |
| 2004 | 0.4% | -74.6% |
| 2005 | -0.6% | -237.1% |
| 2006 | -0.6% | +2.4% |
| 2007 | 0.1% | -114.6% |
| 2008 | 5.0% | +5811.9% |
| 2009 | 5.0% | -1.3% |
| 2010 | 5.8% | +15.7% |
| 2011 | 2.2% | -61.2% |
| 2012 | 2.2% | -2.3% |
| 2013 | 0.8% | -65.0% |
| 2014 | 3.2% | +315.4% |
| 2015 | 2.7% | -14.2% |
| 2016 | 2.9% | +7.3% |
| 2017 | 2.7% | -6.0% |
| 2018 | 2.5% | -9.4% |
| 2019 | 2.9% | +14.5% |
| 2020 | 12.7% | +343.7% |
| 2021 | 4.2% | -66.4% |
| 2022 | 3.8% | -9.5% |
| 2023 | 2.8% | -26.3% |
| 2024 | 2.1% | -26.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.2% | 3.6% | 6.4% | 5 |
| 2000s | 1.6% | -0.6% | 5.0% | 10 |
| 2010s | 2.8% | 0.8% | 5.8% | 10 |
| 2020s | 5.1% | 2.1% | 12.7% | 5 |
Countries ranked near Georgia
- 87 Burundi 2.2% compare
- 88 Ethiopia 2.2% compare
- 89 Papua New Guinea 2.1% compare
- 91 Republic of Korea 2.0% compare
- 92 New Zealand 2.0% compare
- 93 Albania 1.9% compare
More public sector data for Georgia
- Arms imports 17.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 4.46 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -100 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 17.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 161.54 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.018 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 21.14 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 615.86 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 0 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Georgia?
- Net incurrence of liabilities, total in Georgia was 2.1% 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 12.7% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Georgia?
- The lowest recorded value was -0.6% in 2006.
- How does Georgia rank for net incurrence of liabilities, total?
- Georgia ranks 90th 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 down 34.5%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.