Current Account in Georgia

Georgia Current Account | Economic News & Forecasts

Georgia - Current Account

GDP growth slowed markedly in Q3, after the economy rebounded and posted the strongest expansion in nearly a decade in Q2. The slowdown was chiefly driven by the reintroduction of some lockdown measures due to rising new Covid-19 cases, and as the base effect that flattered Q2’s result faded. That said, growth was sturdy overall, aided by still-upbeat export growth and improving labor market conditions, which should have shored up private spending. Turning to Q4, the ongoing Covid-19 pandemic and political uncertainty appear to be weighing on the economic backdrop. A spike in new Covid-19 cases in October, amid a flagging vaccination campaign, bodes ill for domestic activity in the quarter, while continued protests following the arrest of ex-president Mikheil Saakashvili have kept the risk of prolonged political instability elevated.

Georgia - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-11.8  -12.5  -8.1  -6.8  -5.1  

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Georgia Current Account Chart


Georgia Current Account
Note: Current account balance as % of GDP.
Source: National Bank of Georgia and FocusEconomics calculations.

Georgia Facts

Value Change Date
Exchange Rate2.860.0 %Jan 01
Stock Market0.10.55 %Jan 07

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