Georgia's Current Account deficit narrowed to USD 365.51 Million in the first quarter of 2021, from USD 423.81 Million in the same period a year earlier. source: National Bank of Georgia

Current Account in Georgia averaged -309.54 USD Million from 2000 until 2021, 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 July 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 -450.00 in 12 months time. In the long-term, the Georgia Current Account is projected to trend around -450.00 USD Million in 2022, according to our econometric models.

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Georgia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-365.51 -567.31 20.50 -920.49 2000 - 2021 USD Million Quarterly

Calendar GMT Actual Previous Consensus TEForecast
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 $-560.2M $-563.4M $-350M
2021-06-30 11:00 AM Q1 $-365.5M $-567.3M $-350M
2021-09-28 11:00 AM Q2 $-365.5M
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).