Current Account in Georgia

Georgia Current Account | Economic News & Forecasts

Georgia - Current Account

According to available data, the economy finished 2018 on a strong footing following a somewhat downbeat performance in Q3. Activity growth kicked into a higher gear in Q4, against the backdrop of lower inflation and healthy labor market dynamics, which boded well for consumer demand. On the external front, merchandise exports continued to surge in Q4, buoyed by robust demand from Azerbaijan, Kazakhstan and Ukraine. Looking forward, the momentum appears to have cooled in the current quarter: Economic activity came in well below last year’s average in January. Meanwhile, Fitch Ratings upgraded the country’s credit rating from BB- to BB, with a stable outlook, citing its solid growth metrics and the economy’s resilience to external shocks.

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 Rate2.690.0 %Mar 11
Stock Market0.10.55 %Mar 11

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