Georgia recorded a Current Account deficit of 531 USD Million in the fourth quarter of 2021. source: National Bank of Georgia

Current Account in Georgia averaged -314.55 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 July of 2022.

Current Account in Georgia is expected to be -480.00 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 -680.00 USD Million in 2023 and -750.00 USD Million in 2024, according to our econometric models.

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Georgia Current Account

Calendar GMT Actual Previous Consensus TEForecast
2022-03-31 11:00 AM Q4 $-531M $-390M $-340M
2022-06-30 11:00 AM Q1 $-598.4M $-567.6M $-480M
2022-09-30 11:00 AM Q2 $-598.4M

Related Last Previous Unit Reference
Balance of Trade -594.80 -541.30 USD Million May 2022
Current Account -598.40 -567.60 USD Million Mar 2022
Current Account to GDP -9.80 -12.40 percent of GDP Dec 2021
Imports 1119.40 957.00 USD Million May 2022
Exports 524.60 415.70 USD Million May 2022
Remittances 545324.60 643515.80 USD Thousands Mar 2022
External Debt 22063.55 21832.01 USD Million Mar 2022
Capital Flows -649.27 -527.86 USD Million Mar 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
-598.40 -567.60 20.69 -920.49 2000 - 2022 USD Million Quarterly