Bank loans rose 20.5% to USD 8.71 bil in Georgia in 2017, according to the National Central Bank.
Historically, bank loans in Georgia reached an all time high of USD 8.71 bil in 2017 and an all time low of USD 0.088 bil in 1996. When compared to Georgia's main peers, bank loans in Armenia amounted to USD 5.53 bil, USD 6.73 bil in Azerbaijan, USD 843 bil in Russia and USD 584 bil in Turkey in 2017.
Georgia has been ranked 70th within the group of 108 countries we follow in terms of bank loans, 18 places above the position seen 10 years ago.
Bank Loans (USD) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Armenia | USD bil | 4.32 | 4.99 | 5.53 | 6.47 | 7.62 | ... | |||||||||||||||
Azerbaijan | USD bil | 13.6 | 9.02 | 6.73 | ... | ... | ... | ... | ||||||||||||||
Bulgaria | USD bil | 28.3 | 30.1 | 36.6 | 34.2 | 36.3 | ... | |||||||||||||||
China | USD bil | ... | ... | 16,192 | 16,778 | 19,964 | 15,651 | 17,859 | ||||||||||||||
Georgia | USD bil | 6.76 | 7.23 | 8.71 | 10.0 | 11.3 | ||||||||||||||||
Germany | USD bil | 3,712 | 3,907 | 4,761 | 3,198 | 3,267 | ||||||||||||||||
Greece | USD bil | 239 | 219 | 264 | 171 | 167 | ||||||||||||||||
Iran | USD bil | ... | ... | ... | 146 | 176 | ... | ... | ... | ... | ... | |||||||||||
Iraq | USD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Japan | USD bil | 4,066 | 4,312 | 4,461 | ... | ... | ... | ... | ||||||||||||||
Russia | USD bil | 675 | 771 | 843 | ... | 967 | ... | |||||||||||||||
Turkey | USD bil | 537 | 520 | 584 | ... | 486 | ||||||||||||||||
USA | USD bil | 8,838 | 9,382 | 9,857 | ... | 10,772 |