Georgia Current Account  2000-2017 | Data | Chart | Calendar | Forecast

Georgia's current account deficit increased to 701.88 USD million in the December quarter of 2016 from a 574.34 USD million gap in the same quarter a year earlier. It was the largest deficit since the fourth quarter 2014 as goods account posted a deficit of 1,085.97 USD million, up from a 1,066.47 USD million deficit in Q4 2015 and the deficit in income account increased to 206.48 USD million (from 30.96 USD million). Meanwhile, services account registered a surplus of 325.58 USD million, widening from a 280.35 USD million gap in the fourth quarter of the prior year. For full year 2016, current account recorded a deficit of 1,990.86 USD million, compared to a 1,783.10 USD million in 2015. Current Account in Georgia averaged -315.95 USD Million from 2000 until 2016, reaching an all time high of -37.97 USD Million in the third quarter of 2001 and a record low of -925.65 USD Million in the second quarter of 2008.

Georgia Current Account
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-30 09:25 AM Q2 $-502.7M $-440M $ -454.7M
2016-12-30 01:55 PM Q3 $-329.8M $-502.7M $ -570M
2017-03-31 11:00 AM Q4 $-701.88M $-339.4M $ -463.8M
2017-06-30 06:00 AM Q1 $-701.88M $ -562M
2017-09-29 06:00 AM Q2 $ -662.4M
2017-12-29 06:00 AM Q3 $ -521.3M




Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -379.90 -400.00 -6.34 -664.05 USD Million [+]
Exports 211.60 220.80 311.74 7.09 USD Million [+]
Imports 591.60 620.90 861.98 14.82 USD Million [+]
Current Account -701.88 -339.38 -37.97 -925.65 USD Million [+]
Current Account to GDP -12.60 -11.70 -5.27 -22.07 percent [+]
Remittances 319249.00 306686.00 410483.00 33643.00 USD Thousands [+]
Foreign Direct Investment 330.30 468.50 726.00 75.60 USD Million [+]
Capital Flows 590.20 344.20 899.80 1.50 USD Million [+]
Crude Oil Production 0.40 0.40 2.80 0.40 BBL/D/1K [+]
External Debt 15496.18 15332.35 15496.18 4175.11 USD Million [+]
Terrorism Index 1.26 2.37 4.83 1.26 [+]

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



Georgia Current Account Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-701.88 -339.38 -37.97 -925.65 2000 - 2016 USD Million Quarterly



current account by Country

Last
Australia -3853.00 Dec/16
Brazil 1152.80 Apr/17
Canada -10726.00 Dec/16
China 190.00 Mar/17
Euro Area 44.80 Mar/17
France -3032.00 Mar/17
Germany 30200.00 Mar/17
India -7900.00 Dec/16
Indonesia -2397.00 Mar/17
Italy 3121.40 Mar/17
Japan 2907.70 Mar/17
Mexico -6859.20 Mar/17
Netherlands 17897.70 Dec/16
Russia 22800.00 Mar/17
South Korea 5930.00 Mar/17
Spain -223.00 Feb/17
Switzerland 22022.94 Dec/16
Turkey -3057.00 Mar/17
United Kingdom -12088.00 Dec/16
United States -112382.00 Dec/16