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.


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 [+]

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