Georgia Current Account to GDP  1996-2017 | Data | Chart | Calendar

Georgia recorded a Current Account deficit of 13.30 percent of the country's Gross Domestic Product in 2016. Current Account to GDP in Georgia averaged -11.45 percent from 1996 until 2016, reaching an all time high of -5.27 percent in 2000 and a record low of -22.07 percent in 2008.

Georgia Current Account to GDP
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Calendar GMT Actual Previous Consensus Forecast (i)
2013-05-01 10:00 AM 2012 -12.0% -12.8%




Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -392.70 -418.00 -6.34 -664.05 USD Million [+]
Exports 246.20 215.20 311.74 7.09 USD Million [+]
Imports 638.90 633.20 861.98 14.82 USD Million [+]
Current Account -401.08 -716.53 -37.97 -925.65 USD Million [+]
Current Account to GDP -13.30 -12.00 -5.27 -22.07 percent [+]
Remittances 319249.00 306686.00 410483.00 33643.00 USD Thousands [+]
Foreign Direct Investment 403.30 330.30 726.00 75.60 USD Million [+]
Capital Flows 422.40 578.00 883.20 1.50 USD Million [+]
Crude Oil Production 0.40 0.40 2.80 0.40 BBL/D/1K [+]
External Debt 15642.87 15496.18 15642.87 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 to GDP Notes

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Georgia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-13.30 -12.00 -5.27 -22.07 1996 - 2016 percent Yearly



current account to gdp by Country

Last
Switzerland 11.50 Dec/15
Netherlands 8.40 Dec/16
Germany 8.30 Dec/16
South Korea 7.00 Dec/16
Japan 3.70 Dec/16
Euro Area 3.30 Dec/16
Italy 2.60 Dec/16
Spain 2.20 Dec/16
China 1.80 Dec/16
Russia 1.80 Dec/16
India -0.70 Dec/16
France -0.90 Dec/16
Brazil -1.30 Dec/16
Indonesia -1.80 Dec/16
United States -2.60 Dec/16
Australia -2.70 Dec/16
Mexico -2.70 Dec/16
Canada -3.30 Dec/16
Turkey -3.80 Dec/16
United Kingdom -4.40 Dec/16