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.

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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.