Trade Balance in Georgia
Georgia - Trade Balance
Preliminary data indicates that robust momentum carried over into the second quarter, with annual growth holding steady at Q1’s 4.9%. Upbeat activity in the real estate, trade and hospitality sectors seem to have underpinned the expansion. Moreover, the tourism sector was buoyant in Q2: Tourist arrivals—particularly from Russia—jumped and spending rose by nearly a quarter year-on-year, likely easing pressure on the current account deficit and lending further support to overall activity. Going forward, a sharp rebound in merchandise exports in July, which helped narrow the trade deficit from a year ago, signals a positive start for the third quarter. That said, Russia’s implementation of a flight ban that same month bodes ill for the crucial tourism industry and could thus weigh on the external sector in Q3.Georgia - Trade Balance Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -3.5 | -4.3 | -4.0 | -3.9 | -3.8 |
Source: National Bank of Georgia and FocusEconomics calculations.
Georgia Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 2.96 | 0.0 % | Sep 04 |
| Stock Market | 0.1 | 0.55 % | Sep 04 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
© Copyright: 2019 | Georgia Trade Balance | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
