Georgia posted a current account deficit of USD 556.7 million deficit in the third quarter of 2020, compared to a USD 20.5 million gap in the corresponding period of the previous year. source: National Bank of Georgia
Current Account in Georgia averaged -305.49 USD Million from 2000 until 2020, reaching an all time high of 20.50 USD Million in the third quarter of 2019 and a record low of -920.49 USD Million in the second quarter of 2008. This page provides the latest reported value for - Georgia Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Georgia Current Account - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Current Account in Georgia is expected to be -350.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Georgia to stand at -350.00 in 12 months time. In the long-term, the Georgia Current Account is projected to trend around -450.00 USD Million in 2021, according to our econometric models.