Georgia Crude Oil Production - Forecast

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 2020, according to our econometric models.


Forecast Data Chart
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Georgia Trade Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -486 -478 -482 -479 -490 -485
Exports 276 290 299 302 305 342
Imports 762 768 781 781 795 827
Current Account -435 -418 -382 -386 -566 -560
Current Account to GDP -13.3 -11 -11 -10 -10 -9
Terrorism Index 2.11 2.15 2.15 2.19 2.19 2.3
Remittances 389221 360000 363000 349000 351000 379000
Foreign Direct Investment 279 371 409 523 373 376
Capital Flows 412 402 451 450 442 438
Crude Oil Production 0.4 0.4 0.4 0.4 0.4 0.4
External Debt 17467 17700 17950 18100 18230 20500