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.

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Georgia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-556.72 -414.09 20.50 -920.49 2000 - 2020 USD Million Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2020-03-31 11:00 AM Q4 $-538.9M $10.8M $ -409M
2020-06-29 11:00 AM Q1 $-417.7M $-534.2M $ -220M
2020-09-28 11:00 AM Q2 $-337.1M $-417.9M $ -150M
2020-12-28 11:00 AM Q3 $-556.7M $-414.1M $ -10M
2021-03-31 11:00 AM Q4 $-556.7M $-350M
2021-06-29 11:00 AM Q1
2021-09-28 11:00 AM Q2
2021-12-27 11:00 AM Q3

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).