Current Account to GDP in Georgia increased to -5.10 percent in 2019 from -6.80 percent in 2018. source: National Bank of Georgia

Current Account to GDP in Georgia averaged -10.91 percent from 1996 until 2019, reaching an all time high of -5.10 percent in 2019 and a record low of -22.07 percent in 2008. This page provides - Georgia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Current Account to GDP - values, historical data and charts - was last updated on March of 2021.

Current Account to GDP in Georgia is expected to reach -6.80 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Current Account to GDP is projected to trend around -5.60 percent in 2022, according to our econometric models.

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Georgia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-5.10 -6.80 -5.10 -22.07 1996 - 2019 percent Yearly

Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -315.00 -477.60 -6.34 -630.76 USD Million [+]
Current Account -556.72 -414.09 20.50 -920.49 USD Million [+]
Current Account to GDP -5.10 -6.80 -5.10 -22.07 percent [+]
Imports 539.40 803.30 973.04 14.82 USD Million [+]
Exports 224.40 325.70 395.95 7.09 USD Million [+]
Remittances 551344.70 565651.80 565651.80 33643.00 USD Thousands [+]
Foreign Direct Investment 302.62 237.78 749.52 20.04 USD Million [+]
External Debt 19661.83 18762.06 19661.83 2835.30 USD Million [+]
Capital Flows 536.70 439.22 964.54 -6.75 USD Million [+]
Crude Oil Production 0.40 0.40 2.80 0.40 BBL/D/1K [+]
Terrorism Index 0.64 1.34 4.83 0.64 [+]


Georgia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.