Georgia Current Account to GDP

Georgia recorded a Current Account deficit of 5.90 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Georgia averaged -11.35 Percent from 1996 until 2013, reaching an all time high of -5.27 Percent in 2000 and a record low of -22.07 Percent in 2008. Current Account to GDP in Georgia is reported by the National Bank of Georgia.

   
 
  LIST  
 EXPORT DATA  API

Georgia Current Account to GDP


Actual Previous Highest Lowest Dates Unit Frequency
-5.90 -11.50 -5.27 -22.07 1996 - 2013 Percent Yearly
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Georgia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-01 10:00 AM Georgia
Current Account to GDP
2012 -12.0% -12.8%


Trade Last Previous Highest Lowest Unit
Balance of Trade -453.27 -571.86 -6.34 -579.86 USD Million [+]
Exports 244.08 242.58 311.74 7.09 USD Million [+]
Imports 697.35 814.44 814.44 14.82 USD Million [+]
Current Account -367.50 -426.33 -37.95 -925.65 USD Million [+]
Current Account to GDP -5.90 -11.50 -5.27 -22.07 Percent [+]





Overview    |     Worldbank    |     Calendar    |     Countries    |     Indicators    |     News