Georgia recorded a Current Account deficit of 12.30 percent of the country's Gross Domestic Product in 2020. source: National Bank of Georgia

Current Account to GDP in Georgia averaged -10.99 percent of GDP from 1996 until 2020, reaching an all time high of -5.27 percent of GDP in 2000 and a record low of -22.07 percent of GDP 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 August of 2021.

Current Account to GDP in Georgia is expected to reach -6.80 percent of GDP by the end of 2021, 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 -5.60 percent of GDP in 2022, according to our econometric models.

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Georgia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-12.30 -5.50 -5.27 -22.07 1996 - 2020 percent of GDP Yearly

Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -487.70 -408.00 -6.34 -630.76 USD Million [+]
Current Account -365.51 -567.31 20.50 -920.49 USD Million [+]
Current Account to GDP -12.30 -5.50 -5.27 -22.07 percent of GDP [+]
Imports 837.00 747.50 973.04 14.82 USD Million [+]
Exports 349.30 339.40 395.95 7.09 USD Million [+]
Remittances 499307.20 551344.70 565651.80 33643.00 USD Thousands [+]
Foreign Direct Investment 125.42 -102.83 749.52 -102.83 USD Million [+]
External Debt 20592.04 20285.08 20592.04 2835.30 USD Million [+]
Capital Flows -320.93 -524.65 49.23 -931.93 USD Million [+]
Crude Oil Production 0.30 0.30 2.80 0.30 BBL/D/1K [+]
Terrorism Index 0.64 1.34 4.83 0.64 [+]


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.