Trade Balance in Georgia
Georgia - Trade Balance
Momentum appears to have largely carried over into the second quarter, on the heels of the external-sector fueled expansion at the outset of the year. Economic activity growth was above Q1’s average in April, thanks to soaring merchandise exports. On a less positive note, soft momentum in the domestic economy likely persisted in Q2. Inflation jumped in April–May which, coupled with a weaker lari and the unemployment rate rising for a fourth consecutive quarter in Q1, likely weighed on consumer demand. In other news, relations between Moscow and Tbilisi soured in June, after anti-Russian protests erupted in the Georgian capital. The Kremlin’s retaliatory action against commercial flights and wine exports is likely to hurt Georgia’s external sector going into the third quarter.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 | 2.85 | 0.0 % | Jul 11 |
| Stock Market | 0.1 | 0.55 % | Jul 11 |
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 ...
