Current Account in Georgia

Georgia Current Account | Economic News & Forecasts

Georgia - Current Account

Annual growth edged up to 4.7% in Q1 2019, from 4.5% in Q4 2018, according to preliminary results. The external sector seemingly spearheaded the acceleration, chiefly thanks to Russia’s increased appetite for Georgian commodity exports. In the same quarter, imports contracted, leading the trade deficit to fall but also likely signaling softening consumer demand at home. This came as inflation more than doubled in the first quarter, which will have eaten into real income growth and consumer spending growth. Meanwhile, S&P Global Ratings upgraded the outlook on Georgia's BB credit rating from stable to positive, citing the country’s resilience to external shocks and its continued compliance with IMF conditions under the current program.

Georgia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-6.3  -11.3  -12.7  -13.2  -9.0  

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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

Exchange Rate2.740.0 %May 13
Stock Market0.10.55 %May 13

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