Georgia Current Account to GDP 1996-2015 | Data | Chart | Calendar

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.

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Georgia Current Account to GDP
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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. Content for - Georgia Current Account to GDP - was last refreshed on Wednesday, May 27, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2013-05-01 10:00 AM 2012 -12.0% -12.8%

Georgia Trade Last Previous Highest Lowest Unit
Balance of Trade -365.30 -487.00 -6.34 -629.86 USD Million [+]
Exports 185.95 179.00 311.74 7.09 USD Million [+]
Imports 551.29 666.00 862.88 14.82 USD Million [+]
Current Account -660.31 -236.18 -29.73 -919.22 USD Million [+]
Current Account to GDP -5.90 -11.50 -5.27 -22.07 percent [+]
Crude Oil Production 1.00 1.00 2.80 0.98 BBL/D/1K [+]
External Debt 13459.80 13299.42 13459.80 4175.11 USD Million [+]
Foreign Direct Investment 349.20 507.50 702.90 75.60 USD Million [+]
Remittances 249627.00 344259.00 410483.00 33643.00 USD Thousands [+]


Current Account to GDP Reference Previous Highest Lowest Unit
Australia -2.90 Dec/13 -4.10 1.40 -6.70 percent [+]
Brazil -4.17 Dec/14 -3.66 1.80 -8.20 percent [+]
Canada -3.20 Dec/13 -3.40 2.70 -4.20 percent [+]
China 2.00 Dec/13 2.60 10.10 -3.70 percent [+]
Euro Area 2.40 Dec/13 1.40 2.40 -1.50 percent [+]
France -1.30 Dec/13 -2.20 2.70 -2.20 percent [+]
Germany 7.50 Dec/13 7.40 7.50 -1.70 percent [+]
India -1.70 Dec/13 -4.70 1.50 -4.70 percent [+]
Indonesia -2.95 Dec/14 -3.20 4.80 -6.80 percent [+]
Italy 1.00 Dec/13 -0.30 3.20 -3.70 percent [+]
Japan 0.70 Dec/13 1.10 4.80 -1.00 percent [+]
Mexico -2.10 Dec/14 -1.80 3.40 -6.10 percent [+]
Netherlands 10.40 Dec/13 9.50 10.40 -1.00 percent [+]
Russia 1.56 Dec/13 3.60 18.00 -1.40 percent [+]
South Korea 5.80 Dec/13 4.30 11.90 -8.30 percent [+]
Spain 0.80 Dec/13 -1.20 1.50 -10.00 percent [+]
Switzerland 12.30 Dec/13 9.16 15.60 -0.60 percent [+]
Turkey -5.70 Dec/14 -7.90 2.00 -9.70 percent [+]
United Kingdom -5.50 Dec/14 -4.50 1.90 -5.50 percent [+]
United States -2.40 Dec/14 -2.40 0.20 -6.00 percent [+]