Trade Balance in Georgia
Georgia - Trade BalanceA fading base effect and the reintroduction of some lockdown measures dampened recovery momentum in the third quarter, with GDP growth falling back to single digits following the strongest expansion in nearly a decade in Q2. That said, after steadying in October, economic activity picked up steam in November, supported by strong growth in the manufacturing, transportation, trade and hospitality sectors, which more than offset a decline in construction activity. Less positively, a high number of new Covid-19 cases amid a flagging vaccination campaign likely kept a lid on growth in the final quarter of 2021. In other news, on 17 December, parliament approved the state budget for 2022, with the government’s debt limit fixed at 51.1% of GDP and the consolidated budget deficit set at 4.2%.
Georgia - Trade Balance Data
|Trade Balance (USD billion)||-4.0||-3.9||-3.8||-4.1||-3.7|
5 years of economic forecasts for more than 30 economic indicators.
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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