Current Account in Georgia
Georgia - Current AccountAnnual GDP growth accelerated to an over one-year high of 5.8% in the third quarter (Q2 2019: +4.6% year-on-year) on the back of quickening activity in the wholesale and retail trade sector, and a strong rebound in manufacturing and construction output. Meanwhile, economic activity growth in October–November firmed up, on average, compared to Q3 amid upbeat gains in manufacturing, hinting that the economy ended 2019 on a strong note. In other news, in mid-December, the IMF approved additional funding of around USD 41.5 million as part of the country’s reform program under the Extended Fund Facility arrangement. The loan brings total disbursements to about 85% of around the USD 291 million secured in the three-year program, which was also extended by one year until April 2021.
Georgia - Current Account Data
|Current Account (% of GDP)||-5.9||-10.8||-12.6||-13.1||-8.8|
5 years of economic forecasts for more than 30 economic indicators.
Georgia Current Account Chart
Source: National Bank of Georgia and FocusEconomics calculations.
|Exchange Rate||2.86||0.0 %||Jan 01|
|Stock Market||0.1||0.55 %||Jan 07|
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