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 is reported by the National Bank of Georgia. 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. 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. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-5.90 -11.50 -5.27 -22.07 -3.99 | 2014/06 1996 - 2013 Percent Yearly

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Georgia Current Account to GDP
LIST BY COUNTRY


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%
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Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -373.34 2014-02-28 -314.15 -6.34 -580.21 -425.44 2014-03-31 USD Million [+]
Current Account -426.55 2013-11-15 -117.62 -37.95 -925.65 -243.44 2014-03-31 USD Million [+]
Current Account to GDP -5.90 2013-12-31 -11.50 -5.27 -22.07 -3.99 2014-06-30 Percent [+]
Exports 216.15 2014-02-28 223.61 311.80 7.09 249.27 2014-03-31 USD Million [+]
Imports 589.49 2014-02-28 537.76 811.49 14.82 653.27 2014-03-31 USD Million [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


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Georgia Government Spending at 1394.90 GEL Million  
Government Spending in Georgia increased to 1394.90 GEL Million in the fourth quarter of 2013 from 1060.90 GEL Million in the third quarter of 2013. Government Spending in Georgia is reported by the National Statistics Office of Georgia.
Georgia Gross Fixed Capital Formation at 1698.90 GEL Million  
Gross Fixed Capital Formation in Georgia increased to 1698.90 GEL Million in the fourth quarter of 2013 from 1665.60 GEL Million in the third quarter of 2013. Gross Fixed Capital Formation in Georgia is reported by the National Statistics Office of Georgia.
Georgia Average Monthly Wages at 875.46 GEL  
Wages in Georgia increased to 875.46 GEL in the fourth quarter of 2013 from 799.83 GEL in the third quarter of 2013. Wages in Georgia is reported by the National Statistics Office of Georgia.
Georgia Changes in Inventories at 300.70 GEL Million  
Changes in Inventories in Georgia increased to 300.70 GEL Million in the fourth quarter of 2013 from 140.90 GEL Million in the third quarter of 2013. Changes in Inventories in Georgia is reported by the National Statistics Office of Georgia.
Georgia Consumer Price Index (CPI) at 157.71 Index Points  
Consumer Price Index (CPI) in Georgia decreased to 157.71 Index Points in March of 2014 from 157.87 Index Points in February of 2014. Consumer Price Index (CPI) in Georgia is reported by the National Bank of Georgia.
Georgia Consumer Spending at 5356.30 GEL Million  
Consumer Spending in Georgia increased to 5356.30 GEL Million in the fourth quarter of 2013 from 4561.50 GEL Million in the third quarter of 2013. Consumer Spending in Georgia is reported by the National Statistics Office of Georgia.
Georgia Current Account at -426.55 USD Million  
Georgia recorded a Current Account deficit of 426.55 USD Million in the fourth quarter of 2013. Current Account in Georgia is reported by the National Bank of Georgia.
Georgia Employed Persons at 507.40 Thousand  
The number of employed persons in Georgia increased to 507.40 Thousand in the third quarter of 2013 from 503.50 Thousand in the second quarter of 2013. Employed Persons in Georgia is reported by the National Statistics Office of Georgia.
Georgia GDP Constant Prices at 4221.00 GEL Million  
GDP Constant Prices in Georgia increased to 4221 GEL Million in the fourth quarter of 2013 from 3897.80 GEL Million in the third quarter of 2013. GDP Constant Prices in Georgia is reported by the National Statistics Office of Georgia.
Georgia GDP Deflator at 99.35 Index Points  
GDP Deflator in Georgia increased to 99.35 Index Points in the fourth quarter of 2013 from 99.24 Index Points in the third quarter of 2013. GDP Deflator in Georgia is reported by the National Statistics Office of Georgia.
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