Georgia Current Account to GDP  1996-2016 | Data | Chart | Calendar

Georgia recorded a Current Account deficit of 9.70 percent of the country's Gross Domestic Product in 2014. Current Account to GDP in Georgia averaged -11.27 percent from 1996 until 2014, 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
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Actual Previous Highest Lowest Dates Unit Frequency
-9.70 -5.80 -5.27 -22.07 1996 - 2014 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. Georgia Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on May of 2016.


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 -821.90 -403.86 -6.34 -821.90 USD Million [+]
Exports 165.30 161.90 311.74 7.09 USD Million [+]
Imports 987.30 565.76 987.30 14.82 USD Million [+]
Current Account -551.70 -336.31 -37.97 -925.65 USD Million [+]
Current Account to GDP -9.70 -5.80 -5.27 -22.07 percent [+]
Remittances 237132.00 277034.00 410483.00 33643.00 USD Thousands [+]
Foreign Direct Investment 267.90 527.90 726.00 75.60 USD Million [+]
External Debt 14962.82 14340.79 14962.82 4175.11 USD Million [+]
Capital Flows 563.80 346.50 879.30 1.50 USD Million [+]
Crude Oil Production 1.00 1.00 2.80 0.98 BBL/D/1K [+]
Terrorism Index 2.37 2.95 4.83 2.21 [+]




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France -1.40 Dec/15
Greece -1.80 Dec/15
Dominican Republic -1.90 Dec/15
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Indonesia -2.06 Dec/15
Canada -2.10 Dec/14
Chile -2.10 Dec/15
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South Africa -4.40 Dec/15
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Turkey -4.50 Dec/15
Yemen -4.50 Dec/13
Australia -4.60 Dec/15
Uruguay -4.60 Dec/14
Cyprus -4.80 Dec/15
Mongolia -4.80 Dec/15
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United Kingdom -5.20 Dec/15
Bosnia and Herzegovina -5.60 Dec/15
Chad -5.60 Dec/14
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Ethiopia -7.09 Dec/14
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Jordan -9.00 Dec/15
Senegal -9.30 Dec/14
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