Georgia's current account gap declined to USD 233.4 million in the first quarter of 2019 from USD 441.1 million in the corresponding period of the previous year. The goods and services shortfall narrowed to USD 430.7 million from USD 597.8 million a year ago while the income deficit fell to USD 107.6 million from USD 176.9 million. Meantime, the current transfers surplus went down to USD 304.9 million from USD 323.5 million in first quarter of 2018. Current Account in Georgia averaged -326.76 USD Million from 2000 until 2018, reaching an all time high of 2.95 USD Million in the third quarter of 2018 and a record low of -925.90 USD Million in the second quarter of 2008.

Current Account in Georgia is expected to be -386.30 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 -409.00 in 12 months time. In the long-term, the Georgia Current Account is projected to trend around -559.50 USD Million in 2020, according to our econometric models.

Georgia Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-28 09:55 AM Current Account Q2 $-382M $-443M $ -556.6M
2018-12-31 08:30 AM Current Account Q3 $5.7M $-377.6M $ -188.8M
2019-03-28 10:45 AM Current Account Q4 $-503.8 $2.9M $ -382.1M
2019-06-28 02:25 AM Current Account Q1 $-233.4 $-500.6M $ -386.3M
2019-09-27 11:00 AM Current Account Q2 $-233.4 $-566.3M
2019-12-27 11:00 AM Current Account Q3 $ -395.3M


Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -435.10 -440.30 -6.34 -629.01 USD Million [+]
Current Account -233.40 -500.60 2.81 -925.90 USD Million [+]
Current Account to GDP -7.70 -8.80 -5.27 -22.07 percent [+]
Imports 744.50 767.10 866.20 14.82 USD Million [+]
Exports 309.40 326.80 335.80 7.09 USD Million [+]
Terrorism Index 1.42 2.11 4.83 1.26 [+]
Remittances 421156.00 411157.00 421156.00 33643.00 USD Thousands [+]
Foreign Direct Investment 281.10 197.10 740.50 79.60 USD Million [+]
Capital Flows 208.18 480.43 881.90 -11.25 USD Million [+]
Crude Oil Production 0.40 0.40 2.80 0.40 BBL/D/1K [+]
External Debt 17828.44 17750.24 17828.44 2835.30 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Georgia Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-233.40 -500.60 2.81 -925.90 2000 - 2019 USD Million Quarterly




Country Last Previous
Argentina -3849.43 Mar/19
Australia 5853.00 Jun/19
Brazil -9034.90 Jul/19
Canada -6380.00 Jun/19
China 570.00 Jun/19
Euro Area 29.84 Jul/19
France 173.00 Jul/19
Germany 22100.00 Jul/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 8420.80 Jul/19
Japan 1999.92 Jul/19
Mexico 5142.70 Jun/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 6949.40 Jul/19
Spain 2050.00 Jun/19
Switzerland 21272.85 Jun/19
Turkey 1158.00 Jul/19
United Kingdom -30045.00 Mar/19
United States -128188.00 Jun/19


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