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 October 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 -8.00 percent of GDP in 2022 and -6.50 percent of GDP in 2023, according to our econometric models.

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Georgia Current Account to GDP


Georgia Last Unit Reference Previous Highest Lowest
Balance of Trade -552.00 USD Million Sep/21 -511.00 -6.34 -630.76
Current Account -383.30 USD Million Jun/21 -366.46 20.69 -920.49
Current Account to GDP -12.30 percent of GDP Dec/20 -5.50 -5.27 -22.07
Exports 373.60 USD Million Oct/21 335.10 396.00 7.09
Imports 925.80 USD Million Sep/21 845.90 973.20 14.82
Capital Flows -396.21 USD Million Jun/21 -320.93 49.23 -931.93
External Debt 20630.41 USD Million Jun/21 20592.04 20630.41 2835.30
Remittances 499307.20 USD Thousands Mar/21 551344.70 565651.80 33643.00


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.