Current Account in Georgia

Georgia Current Account | Economic News & Forecasts

Georgia - Current Account

Salome Zurabishvili, an ex-foreign minister, was elected as Georgia’s president on 28 November, after beating the opposition candidate, Grigol Vashadze, by a comfortable margin. Despite the widespread protests over allegations of election fraud, Zurabishvili was officially sworn in on 15 December. Meanwhile, the economy lost pace at the beginning of the second half of 2018. Annual GDP growth slowed from 5.6% in Q2 to 3.7% in Q3, marking the worst result in nearly two years, largely due to contractions in the manufacturing and construction sectors. Available Q4 data paints a mixed picture: Economic activity growth soared in October, only to be followed by a slump in November.

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

ValueChangeDate
Exchange Rate2.670.0 %Jan 16
Stock Market0.10.55 %Jan 16

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