Current Account in Georgia
Georgia - Current Account (billions of U.S. Dollars)A fading base effect and the reintroduction of some lockdown measures dampened recovery momentum in the third quarter, with GDP growth falling back to single digits following the strongest expansion in nearly a decade in Q2. That said, after steadying in October, economic activity picked up steam in November, supported by strong growth in the manufacturing, transportation, trade and hospitality sectors, which more than offset a decline in construction activity. Less positively, a high number of new Covid-19 cases amid a flagging vaccination campaign likely kept a lid on growth in the final quarter of 2021. In other news, on 17 December, parliament approved the state budget for 2022, with the government’s debt limit fixed at 51.1% of GDP and the consolidated budget deficit set at 4.2%.
Georgia - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-1.8||-1.9||-1.3||-1.2||-0.9|
5 years of economic forecasts for more than 30 economic indicators.
Georgia Current Account (USD bn) Chart
Source: National Bank of Georgia.
|Exchange Rate||2.86||0.0 %||Jan 01|
|Stock Market||0.1||0.55 %||Jan 07|
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