The Georgia Current Account deficit narrowed to USD 560.19 million in the fourth quarter of 2020 from USD 561.03 million in the same period of 2019. Considering full 2020, the current account gap widened to USD 1961.68 million from USD 957.22 million in the prior year. source: National Bank of Georgia
Current Account in Georgia averaged -308.61 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 May 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.