National Debt (% of GDP): Georgia
Georgia's national debt (% of gdp) is currently 33.4% as of 2026. # Georgia National Debt (% of GDP) Georgia's national debt stood at 33.
Current (2026)
33.4%
-2.3% y/y
Peak (2020)
59.6%
Low (2007)
22.5%
Source
IMF World Economic Outlook
2000–2026 · 31 pts
National Debt (% of GDP) — Georgia
2000 — 2026
National Debt (% of GDP) — Georgia
Analysis# Georgia National Debt (% of GDP)
Georgia's national debt stood at 33.4% of GDP in 2026, reflecting a substantial recovery from its pandemic peak of 59.6% in 2020. The current level remains elevated compared to the all-time low of 22.5% in 2007, yet represents a decisive downward trajectory. Since 2000, Georgia has reduced its debt-to-GDP ratio by 42.9 percentage points, demonstrating significant fiscal consolidation over the long term.
The most dramatic turning point occurred between 2020 and 2021, when debt fell 10.5 percentage points as economic activity rebounded from COVID-19 disruptions. The subsequent decline has been steady and consistent, dropping from 38.9% in 2023 to the projected 33.4% in 2026. If current trends persist, Georgia's debt burden will continue converging toward pre-pandemic levels, suggesting strengthened fiscal stability ahead.
Historical Data
31 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 35.1% | +2.33% |
| 2029 | 34.3% | +1.18% |
| 2028 | 33.9% | +0.89% |
| 2027 | 33.6% | +0.60% |
| 2026 | 33.4% | -2.34% |
| 2025 | 34.2% | -5.26% |
| 2024 | 36.1% | -7.20% |
| 2023 | 38.9% | -0.77% |
| 2022 | 39.2% | -20.16% |
| 2021 | 49.1% | -17.62% |
| 2020 | 59.6% | +49.00% |
| 2019 | 40.0% | +4.71% |
| 2018 | 38.2% | -1.80% |
| 2017 | 38.9% | -1.52% |
| 2016 | 39.5% | +9.72% |
| 2015 | 36.0% | +18.81% |
| 2014 | 30.3% | +4.84% |
| 2013 | 28.9% | +2.85% |
| 2012 | 28.1% | +1.44% |
| 2011 | 27.7% | -11.78% |
Show all 31 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 31.4% | -6.55% |
| 2009 | 33.6% | +27.76% |
| 2008 | 26.3% | +16.89% |
| 2007 | 22.5% | -20.49% |
| 2006 | 28.3% | -19.83% |
| 2005 | 35.3% | -20.32% |
| 2004 | 44.3% | -18.86% |
| 2003 | 54.6% | +8.55% |
| 2002 | 50.3% | -5.09% |
| 2001 | 53.0% | -9.40% |
| 2000 | 58.5% | — |
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