Georgia’s net IIP - $ 23.2 bIn

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Georgia’s net IIP - $ 23.2 bIn

28.03.2019 / 17:33 Georgia’s net IIP - $ 23.2 bIn

The net international investment position (IIP) of Georgia amounted to -23.2 billion USD (-62.1 billion GEL) as of December 31 2018, -143.3 percent of the last four quarters' GDP, the National Bank of Georgia (NBG) said.

According to NBG, the net IIP deteriorated by 110.7 million USD compared to the previous quarter.

International assets amounted to 9.8 billion USD (26.4 billion GEL) by December 31 2018, up by 307.2 million USD quarterly.

Liabilities increased by 417.9 million USD during the quarter totaling 33.0 billion USD (88.5 billion GEL).

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