Georgia recorded a trade deficit of 350.80 USD Million in August of 2020.
Balance of Trade in Georgia averaged -249.03 USD Million from 1995 until 2020, reaching an all time high of -6.34 USD Million in April of 1995 and a record low of -629.01 USD Million in December of 2014. This page provides the latest reported value for - Georgia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Georgia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.
Balance of Trade in Georgia is expected to be -461.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Georgia to stand at -496.00 in 12 months time. In the long-term, the Georgia Balance of Trade is projected to trend around -484.60 USD Million in 2021 and -498.00 USD Million in 2022, according to our econometric models.