Crude Oil Production in Georgia decreased to 0.30 BBL/D/1K in January from 0.40 BBL/D/1K in December of 2020. source: U.S. Energy Information Administration

Crude Oil Production in Georgia averaged 1.30 BBL/D/1K from 1994 until 2021, reaching an all time high of 2.80 BBL/D/1K in January of 2003 and a record low of 0.30 BBL/D/1K in January of 2021. This page provides - Georgia Crude Oil Production- actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Crude Oil Production - values, historical data and charts - was last updated on May of 2021.

Crude Oil Production in Georgia is expected to be 0.40 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Georgia to stand at 0.40 in 12 months time. In the long-term, the Georgia Crude Oil Production is projected to trend around 0.40 BBL/D/1K in 2022, according to our econometric models.

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Georgia Crude Oil Production

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.40 2.80 0.30 1994 - 2021 BBL/D/1K Monthly
NSA

Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -370.70 -446.80 -6.34 -630.76 USD Million [+]
Current Account -560.19 -563.35 20.50 -920.49 USD Million [+]
Current Account to GDP -5.10 -6.80 -5.10 -22.07 percent [+]
Imports 749.10 767.90 973.04 14.82 USD Million [+]
Exports 378.30 326.30 395.95 7.09 USD Million [+]
Crude Oil Production 0.30 0.40 2.80 0.30 BBL/D/1K [+]
Capital Flows 530.87 533.88 964.54 -6.75 USD Million [+]
Foreign Direct Investment -102.83 303.34 749.52 -102.83 USD Million [+]
External Debt 20285.08 19661.83 20285.08 2835.30 USD Million [+]
Remittances 551344.70 565651.80 565651.80 33643.00 USD Thousands [+]
Terrorism Index 0.64 1.34 4.83 0.64 [+]