Georgia's current account gap decreased to USD 503.8 million in the fourth quarter of 2018 from USD 592.5 million in the corresponding period of the previous year. The goods and services shortfall narrowed to USD 753.6 million from USD 792.4 million a year ago while the income deficit decreased to USD 64.3 million from USD 123.3 million. Meantime, the current transfers surplus went down to USD 314.1 million from USD 323.2 million in the last quarter of 2017. Current Account in Georgia averaged -326.76 USD Million from 2000 until 2018, reaching an all time high of 2.95 USD Million in the third quarter of 2018 and a record low of -925.90 USD Million in the second quarter of 2008.

Current Account in Georgia is expected to be -386.30 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Georgia to stand at -409.00 in 12 months time. In the long-term, the Georgia Current Account is projected to trend around -559.50 USD Million in 2020, according to our econometric models.

Georgia Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-29 10:00 AM Current Account $-435.3M $-593.7M $ -401.7M
2018-09-28 09:55 AM Current Account $-382M $-443M $ -556.6M
2018-12-31 08:30 AM Current Account $5.7M $-377.6M $ -188.8M
2019-03-28 10:45 AM Current Account $-503.8 $2.9M $ -382.1M
2019-06-29 10:00 AM Current Account $-458.1M $ -386.3M
2019-09-28 09:55 AM Current Account $ -566.3M
2019-12-28 06:00 AM Current Account $ -395.3M


Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -419.20 -381.40 -6.34 -629.01 USD Million [+]
Current Account -503.81 2.95 2.95 -925.90 USD Million [+]
Current Account to GDP -8.00 -8.70 -5.27 -22.07 percent [+]
Imports 740.20 647.70 866.00 14.82 USD Million [+]
Exports 321.00 266.30 328.60 7.09 USD Million [+]
Terrorism Index 1.42 2.11 4.83 1.26 [+]
Remittances 421156.00 411157.00 421156.00 33643.00 USD Thousands [+]
Foreign Direct Investment 197.10 344.70 740.50 79.60 USD Million [+]
Capital Flows 486.73 156.98 881.90 1.50 USD Million [+]
Crude Oil Production 0.40 0.40 2.80 0.40 BBL/D/1K [+]
External Debt 17750.24 17224.60 17761.96 2835.30 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). 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 - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-503.81 2.95 2.95 -925.90 2000 - 2018 USD Million Quarterly




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -494.20 Mar/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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