Private credit by deposit money banks to GDP in Georgia
Georgia: Private credit by deposit money banks to GDP was 70.6% in 2021. ◆ Volatile
Private credit by deposit money banks to GDP in Georgia, 1995–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Georgia recorded 70.6% for private credit by deposit money banks to gdp in 2021.
Compared with earlier readings it is down 8.0% on the previous year and up 125.8% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Georgia peaked at 76.8% in 2020 and was at its lowest, 3.3%, in 1996.
Georgia ranks 51st of 187 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.
Private credit by deposit money banks to GDP 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 | 33.2% | +17.3% |
| 2009 | 31.0% | -6.8% |
| 2010 | 30.3% | -2.1% |
| 2011 | 31.3% | +3.2% |
| 2012 | 33.2% | +6.1% |
| 2013 | 37.5% | +12.9% |
| 2014 | 42.4% | +13.3% |
| 2015 | 44.8% | +5.6% |
| 2016 | 50.3% | +12.3% |
| 2017 | 52.4% | +4.3% |
| 2018 | 57.4% | +9.5% |
| 2019 | 62.8% | +9.3% |
| 2020 | 76.8% | +22.4% |
| 2021 | 70.6% | -8.0% |
Georgia compared with similar countries
- Georgia's 70.6% is above the median for upper middle income countries, which is 49.7%, 1.4× the median. (55 countries reporting)
- Georgia's 70.6% 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 | 16.8% | 7.4% | 33.2% | 10 |
| 2010s | 44.2% | 30.3% | 62.8% | 10 |
| 2020s | 73.7% | 70.6% | 76.8% | 2 |
Countries ranked near Georgia
More financial sector data for Georgia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0076 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0055 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0076 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is private credit by deposit money banks to gdp in Georgia?
- Private credit by deposit money banks to gdp in Georgia was 70.6% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Georgia?
- The highest recorded value was 76.8% in 2020.
- What is the lowest private credit by deposit money banks to gdp recorded in Georgia?
- The lowest recorded value was 3.3% in 1996.
- How does Georgia rank for private credit by deposit money banks to gdp?
- Georgia ranks 51st out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Georgia?
- Over the last ten years it is up 125.8%. 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 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 (IFS line 22d); 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).