Georgia Current Account to GDP 1996-2014 | 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


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 Thursday, August 21, 2014.

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 [+]


Current Account to GDP Reference Previous Highest Lowest Unit
Australia -2.90 Dec/13 -4.10 1.40 -6.70 Percent [+]
Brazil -3.66 Dec/13 -2.40 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 -3.30 Dec/13 -2.80 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 -1.80 Dec/13 -1.20 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 13.50 Dec/12 8.50 15.60 -0.60 Percent [+]
Turkey -7.90 Dec/13 -6.00 2.00 -9.70 Percent [+]
United Kingdom -4.40 Dec/13 -3.80 1.90 -4.90 Percent [+]
United States -2.30 Dec/13 -2.70 0.20 -6.00 Percent [+]





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