Georgia’s non-financial corporations had total liabilities of GEL 92.5 billion at the end of 2025, up from GEL 82.1 billion a year earlier, according to the National Statistics Office of Georgia (Geostat). Short-term liabilities accounted for GEL 23.8 billion of the total.
Around GEL 18 billion, or 19.5% of total liabilities, were denominated in foreign currencies. Of this amount, GEL 11.2 billion was owed directly to non-residents, including foreign banks, international financial institutions and foreign investors.
Companies spent GEL 13.2 billion servicing debt in 2025, including GEL 2.1 billion in interest payments. Debt servicing also included GEL 172 million for loans from individuals and GEL 983.2 million for loans from other non-financial companies.
Meanwhile, the sector’s total assets increased to GEL 168.7 billion at the end of 2025, up from GEL 150.7 billion in 2024. Equity and reserves rose to GEL 76.2 billion.
Non-financial corporations include businesses involved in producing goods and providing non-financial services, such as construction and development companies, supermarket chains and energy firms, excluding financial institutions.
