Foreign banks among total banks in Georgia
Georgia: Foreign banks among total banks was 77.0% in 2013. ◆ Volatile
Foreign banks among total banks in Georgia, 1995–2013
Source: Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10. Measured in %.
Analysis
In 2013, foreign banks among total banks in Georgia stood at 77.0%. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 266.7% over ten years.
Over the whole period, foreign banks among total banks in Georgia peaked at 77.0% in 2012 and was at its lowest, 0.0%, in 1995.
That places Georgia 19th out of 137 countries with data for 2013, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign banks among total banks in Georgia, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 0.0% | — |
| 1996 | 0.0% | — |
| 1997 | 0.0% | — |
| 1998 | 0.0% | — |
| 1999 | 17.0% | — |
| 2000 | 23.0% | +35.3% |
| 2001 | 17.0% | -26.1% |
| 2002 | 17.0% | +0.0% |
| 2003 | 21.0% | +23.5% |
| 2004 | 21.0% | +0.0% |
| 2005 | 31.0% | +47.6% |
| 2006 | 50.0% | +61.3% |
| 2007 | 58.0% | +16.0% |
| 2008 | 69.0% | +19.0% |
| 2009 | 69.0% | +0.0% |
| 2010 | 69.0% | +0.0% |
| 2011 | 69.0% | +0.0% |
| 2012 | 77.0% | +11.6% |
| 2013 | 77.0% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.4% | 0.0% | 17.0% | 5 |
| 2000s | 37.6% | 17.0% | 69.0% | 10 |
| 2010s | 73.0% | 69.0% | 77.0% | 4 |
Countries ranked near Georgia
More financial sector data for Georgia
- Net domestic credit (current LCU), per capita 19,315 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 1.99 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 13.13 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 8.03 million SDR (2025)
- Gold reserves at market value 731.88 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.42 billion SDR (2025)
- Reserves excluding gold 3.76 billion SDR (2025)
- Total reserves (gold at market value) 4.50 billion SDR (2025)
- Total reserves (gold at national valuation) 4.50 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,142 SDR per person (2025)
Frequently asked questions
- What is foreign banks among total banks in Georgia?
- Foreign banks among total banks in Georgia was 77.0% in 2013, according to Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10.
- What is the highest foreign banks among total banks recorded in Georgia?
- The highest recorded value was 77.0% in 2012.
- What is the lowest foreign banks among total banks recorded in Georgia?
- The lowest recorded value was 0.0% in 1995.
- How does Georgia rank for foreign banks among total banks?
- Georgia ranks 19th out of 137 countries with data for 2013.
- Is foreign banks among total banks rising or falling in Georgia?
- Over the last ten years it is up 266.7%. The long-run trend across the full record is volatile.
- Where does this Georgia data come from?
- The figures come from Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10, published as part of Foreign banks among total banks (%). Statizoid updates them automatically from the source API.
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About this data
Percentage of the number of foreign owned banks to the number of the total banks in an Economy. A foreign bank is a bank where 50 percent or more of its shares are owned by foreigners.