Georgia’s trade deficit widened to USD 536.7 million in December of 2019 from USD 492.8 million in the corresponding month of the previous year. Balance of Trade in Georgia averaged -246.03 USD Million from 1995 until 2019, 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.
Balance of Trade in Georgia is expected to be -496.50 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 -490.00 in 12 months time. In the long-term, the Georgia Balance of Trade is projected to trend around -498.00 USD Million in 2020, according to our econometric models.