Georgia recorded a Current Account deficit of 383.30 USD Million in the second quarter of 2021. source: National Bank of Georgia

Current Account in Georgia averaged -310.20 USD Million from 2000 until 2021, reaching an all time high of 20.69 USD Million in the third quarter of 2019 and a record low of -920.49 USD Million in the second quarter of 2008. This page provides the latest reported value for - Georgia Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Georgia Current Account - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Current Account in Georgia is expected to be -350.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Current Account is projected to trend around -450.00 USD Million in 2022, according to our econometric models.

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Georgia Current Account

Calendar GMT Actual Previous Consensus TEForecast
2021-06-30 11:00 AM Q1 $-365.5M $-567.3M $-350M
2021-09-30 11:00 AM Q2 $-383.3M $-366.5M $-270M
2021-12-27 11:00 AM Q3 $-383.3M

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
Remittances 623071.10 USD Thousands Sep/21 583669.60 623071.10 33643.00
External Debt 20630.41 USD Million Jun/21 20592.04 20630.41 2835.30
Capital Flows -396.21 USD Million Jun/21 -320.93 49.23 -931.93

Georgia Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).