Georgia Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Georgia's government debt to gdp was 34.23% in 2025, ranked 141st globally. This represents a 5.2% decrease from 2024. Data from IMF WEO, covering 2000–2025.
Overview
Georgia's government debt to gdp stood at 34.23% in 2025, a decline of +1.86% from 2024. The IMF projects 34.23% by 2025. Georgia ranked 141st globally.
Georgia’s government debt-to‑GDP ratio has fallen sharply from its early‑2000s high of 58.52 percent to a record low of 22.54 percent in 2007, before climbing again to an all‑time peak of 59.56 percent in 2020 amid the pandemic‑related fiscal response. By 2025 the ratio stood at 34.23 percent, placing the country 141st in the world and aligning it closely with peers such as Sweden (34.16 percent) and the United Arab Emirates (33.95 percent). The post‑peak decline reflects a combination of fiscal consolidation measures and modest economic growth, which have reduced the debt burden relative to output. Nonetheless, the ratio remains higher than the pre‑crisis trough, indicating that the fiscal space built up before 2020 has not been fully restored. Continued primary surpluses and structural reforms could further lower the debt ratio, while any resurgence of external shocks would likely stall or reverse the downward trajectory.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 35.09% | - | - |
| 2029* IMF | 34.30% | - | - |
| 2028* IMF | 33.89% | - | - |
| 2027* IMF | 33.60% | - | - |
| 2026* IMF | 33.41% | - | - |
| 2025* IMF | 34.23% | - | - |
| 2025 | 34.23% | −1.86% | #141 |
| 2024 | 36.10% | −2.83% | #44 |
| 2023 | 38.92% | −0.25% | #48 |
| 2022 | 39.17% | −9.93% | #53 |
| 2021 | 49.09% | −10.47% | #70 |
| 2020 | 59.56% | +19.51% | #99 |
| 2019 | 40.05% | +1.83% | #61 |
| 2018 | 38.22% | −0.67% | #60 |
| 2017 | 38.89% | −0.57% | #60 |
| 2016 | 39.47% | +3.45% | #63 |
| 2015 | 36.02% | +5.68% | #64 |
| 2014 | 30.34% | +1.39% | #66 |
| 2013 | 28.94% | +0.82% | #62 |
| 2012 | 28.12% | +0.44% | #64 |
| 2011 | 27.69% | −3.76% | #59 |
Analysis
Georgia's government debt to gdp was 34.23% in 2025, a decline of −1.86% from 2024. IMF projects 34.23% by 2025.
Frequently Asked Questions
Georgia's government debt to gdp was 34.23% in 2025. Ranked 141st globally. This represents a 5.2% decrease from the previous year.
Georgia's government debt to gdp peaked at 59.56% in 2020.
The lowest government debt to gdp in Georgia was 22.54% in 2007.
Georgia ranks 141st globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Georgia's government debt to gdp is projected to reach 34.23% by 2025 based on IMF projection.
The government debt to gdp of Georgia in 2025 was 34.23%. This ranks 141st in the world.
Cite this page
@misc{historysaid_georgia_government-debt-to-gdp,
title = {Georgia Government Debt to GDP},
url = {https://historysaid.com/georgia/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}