Fiscal Balance in Georgia

Georgia Fiscal Balance | Economic News & Forecasts

Georgia - Fiscal Balance

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 - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-1.1  -2.0  -1.1  -1.4  -0.9  

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Georgia Fiscal Balance Chart

Georgia Fiscal
Note: Fiscal balance as % of GDP
Source: Statistics Georgia.

Georgia Facts

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

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