Georgia—Firms Using Banks to Finance Investment (%)
Category: FinanceSource: World Bank World Development Indicators ↗Global Rank: #36 of 160Updated July 2026
Latest Value
35.3%
2023
YoY Change
+2.3%
2019 → 2023
Global Rank
#36
of 160 countries
Maximum
40.0%
2005
Minimum
23.4%
2002
CAGR
+2.0%
6 years
Last
35.3%
Previous
34.5%
Highest
40.0%
Lowest
23.4%
Source
World Bank World Development Indicators
Georgia's firms using banks to finance investment (%) was 35.3% in 2023, ranking #36 out of 160 countries. This represents a +2.3% change from 2019. Over the past 6 years, the highest recorded value was 40.0% (2005) and the lowest was 23.4% (2002). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 35.3% | +2.3% |
| 2019 | 34.5% | +46.0% |
| 2013 | 23.6% | -38.1% |
| 2008 | 38.2% | -4.6% |
| 2005 | 40.0% | +70.9% |
| 2002 | 23.4% |
Top Countries — Firms Using Banks to Finance Investment (%)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Israel | 83.2% | 2024 |
| 2 | Kosovo | 65.0% | 2025 |
| 3 | Qatar | 64.4% | 2025 |
| 4 | Saudi Arabia | 57.1% | 2025 |
| 5 | Central African Republic | 56.5% | 2023 |
| 6 | Peru | 54.0% | 2023 |
| 7 | Belgium | 53.3% | 2025 |
| 8 | Uganda | 52.2% | 2025 |
| 9 | Italy | 48.8% | 2024 |
| 10 | Malawi | 47.7% | 2025 |
About This Indicator
Definition
Percentage of firms using banks to finance purchases of fixed assets.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.