Georgia recorded a Current Account deficit of 7.70 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Georgia averaged -11.21 percent from 1996 until 2018, reaching an all time high of -5.27 percent in 2000 and a record low of -22.07 percent in 2008. This page provides - Georgia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Georgia is expected to reach -10.70 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Current Account to GDP is projected to trend around -6.80 percent in 2021 and -5.60 percent in 2022, according to our econometric models.

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Georgia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-7.70 -8.80 -5.27 -22.07 1996 - 2018 percent Yearly

Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -399.30 -353.70 -6.34 -630.76 USD Million [+]
Current Account -337.10 -417.99 20.50 -920.49 USD Million [+]
Current Account to GDP -7.70 -8.80 -5.27 -22.07 percent [+]
Imports 731.30 646.20 973.04 14.82 USD Million [+]
Exports 332.00 292.44 395.95 7.09 USD Million [+]
Foreign Direct Investment 237.78 165.37 749.52 20.04 USD Million [+]
External Debt 18762.06 18282.37 18762.06 2835.30 USD Million [+]
Capital Flows 584.14 -6.75 964.54 -6.75 USD Million [+]
Crude Oil Production 0.40 0.40 2.80 0.40 BBL/D/1K [+]
Remittances 421156.00 411157.00 421156.00 33643.00 USD Thousands [+]
Terrorism Index 1.34 1.42 4.83 1.26 [+]

Georgia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.