Private credit by deposit money banks and other financial in Georgia
Georgia: Private credit by deposit money banks and other financial was 73.5% in 2021. ◆ Volatile
Private credit by deposit money banks and other financial in Georgia, 1995–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks and other financial in Georgia stood at 73.5%.
The figure is down 8.0% on the previous year and up 118.3% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Georgia peaked at 79.9% in 2020 and was at its lowest, 3.3%, in 1996.
That places Georgia 50th out of 187 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Private credit by deposit money banks and other financial in Georgia, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 6.1% | — |
| 1996 | 3.3% | -46.0% |
| 1997 | 3.8% | +16.3% |
| 1998 | 4.8% | +24.3% |
| 1999 | 6.0% | +25.4% |
| 2000 | 7.4% | +23.4% |
| 2001 | 7.4% | +0.6% |
| 2002 | 8.1% | +8.6% |
| 2003 | 8.7% | +7.5% |
| 2004 | 9.8% | +12.5% |
| 2005 | 14.8% | +50.9% |
| 2006 | 19.5% | +32.0% |
| 2007 | 28.3% | +45.4% |
| 2008 | 34.6% | +22.0% |
| 2009 | 32.7% | -5.4% |
| 2010 | 32.3% | -1.2% |
| 2011 | 33.7% | +4.2% |
| 2012 | 36.4% | +8.1% |
| 2013 | 40.7% | +11.7% |
| 2014 | 45.8% | +12.7% |
| 2015 | 49.1% | +7.2% |
| 2016 | 55.1% | +12.2% |
| 2017 | 55.8% | +1.4% |
| 2018 | 60.5% | +8.4% |
| 2019 | 65.6% | +8.4% |
| 2020 | 79.9% | +21.7% |
| 2021 | 73.5% | -8.0% |
Georgia compared with similar countries
- Georgia's 73.5% is above the median for upper middle income countries, which is 50.2%, 1.5× the median. (55 countries reporting)
- Georgia's 73.5% is above the median for Europe & Central Asia, which is 56.3%, 1.3× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.8% | 3.3% | 6.1% | 5 |
| 2000s | 17.1% | 7.4% | 34.6% | 10 |
| 2010s | 47.5% | 32.3% | 65.6% | 10 |
| 2020s | 76.7% | 73.5% | 79.9% | 2 |
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 private credit by deposit money banks and other financial in Georgia?
- Private credit by deposit money banks and other financial in Georgia was 73.5% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Georgia?
- The highest recorded value was 79.9% in 2020.
- What is the lowest private credit by deposit money banks and other financial recorded in Georgia?
- The lowest recorded value was 3.3% in 1996.
- How does Georgia rank for private credit by deposit money banks and other financial?
- Georgia ranks 50th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Georgia?
- Over the last ten years it is up 118.3%. The long-run trend across the full record is volatile.
- Where does this Georgia data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)