Current Account in Georgia

Georgia Current Account | Economic News & Forecasts

Georgia - Current Account

Annual 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

2013  2014  2015  2016  2017  
Current Account (% of GDP)-5.9  -10.8  -12.6  -13.1  -8.8  

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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 Rate2.860.0 %Jan 01
Stock Market0.10.55 %Jan 07

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