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 - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

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 -8.00 percent of GDP in 2022 and -6.50 percent of GDP in 2023, 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.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Georgia Current Account to GDP


Calendar GMT Actual Previous Consensus TEForecast
2013-05-01 10:00 AM 2012 -12.0% -12.8%


Related Last Previous Unit Reference
Balance of Trade -584.10 -499.00 USD Million Nov/21
Current Account -368.10 -487.30 USD Million Sep/21
Current Account to GDP -12.30 -5.50 percent of GDP Dec/20
Imports 1014.00 910.20 USD Million Nov/21
Exports 429.80 411.20 USD Million Nov/21
Remittances 623071.10 583669.60 USD Thousands Sep/21
External Debt 21043.72 20630.41 USD Million Sep/21
Capital Flows -333.07 -460.07 USD Million Sep/21
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.