Georgia Crude Oil Production  Forecast


Georgia Crude Oil Production
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Crude Oil Production in Georgia is expected to be 0.65 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 0.84 in 12 months time. In the long-term, the Georgia Crude Oil Production is projected to trend around 1.17 BBL/D/1K in 2020, according to our econometric models.


Georgia Trade Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -521 -450 -445 -440 -436 -398
Exports 237 253 252 249 247 228
Imports 758 704 700 695 690 644
Current Account -304 -555 -299 -326 -296 -299
Current Account to GDP -13.3 -12.5 -11 -11 -12.98 -9
Terrorism Index 2.11 1.96 2.18 2.4 2.62 4.06
Remittances 367073 272000 331905 332271 339623 295000
Foreign Direct Investment 347 330 322 315 310 300
Capital Flows 366 370 361 355 350 324
Crude Oil Production 0.4 0.65 0.72 0.78 0.84 1.17
External Debt 16417 16977 17180 17327 17428 17205