Georgia recorded a Current Account surplus of 16.47 USD Million in the third quarter of 2019. Georgia Current Account - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Current Account in Georgia averaged -295.68 USD Million from 2000 until 2019, reaching an all time high of 16.47 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.

Current Account in Georgia is expected to be -220.00 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 -350.00 in 12 months time. In the long-term, the Georgia Current Account is projected to trend around -450.00 USD Million in 2021, according to our econometric models.


Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Georgia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
16.47 -144.56 16.47 -920.49 2000 - 2019 USD Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-03-28 10:45 AM Q4 $-503.8 $2.9M $ -382.1M
2019-06-28 02:25 AM Q1 $-233.4 $-500.6M $ -386.3M
2019-09-27 11:00 AM Q2 $-139.6M $-232.3M $-566.3M
2019-12-27 11:00 AM Q3 $16.5M $-156.6M $ -395.3M
2020-03-31 11:00 AM Q4 $16.5M $ -409M
2020-06-28 11:00 AM Q1 $ -220M
2020-09-27 11:00 AM Q2 $ -150M
2020-12-27 11:00 AM Q3 $ -10M


News Stream
Georgia Current Account Gap Narrows in Q2
Georgia's current account gap declined to USD 139.6 million in the second quarter of 2019 from USD 354.5 million in the corresponding period of the previous year. The goods and services shortfall narrowed to USD 301.9 million from USD 458.2 million a year ago while the income deficit fell to USD 159.6 million from USD 236.4 million. Meantime, the current transfers surplus went down to USD 321.9 million from USD 340.1 million in second quarter of 2018.
2019-09-27
Georgia Current Account Gap Narrows in Q1
Georgia's current account gap declined to USD 233.4 million in the first quarter of 2019 from USD 441.1 million in the corresponding period of the previous year. The goods and services shortfall narrowed to USD 430.7 million from USD 597.8 million a year ago while the income deficit fell to USD 107.6 million from USD 176.9 million. Meantime, the current transfers surplus went down to USD 304.9 million from USD 323.5 million in first quarter of 2018.
2019-06-28
Georgia Current Account Deficit Narrows in Q4
Georgia's current account gap decreased to USD 503.8 million in the fourth quarter of 2018 from USD 592.5 million in the corresponding period of the previous year. The goods and services shortfall narrowed to USD 753.6 million from USD 792.4 million a year ago while the income deficit decreased to USD 64.3 million from USD 123.3 million. Meantime, the current transfers surplus went down to USD 314.1 million from USD 323.2 million in the last quarter of 2017.
2019-03-28

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).