Current Account Balance in Georgia
The current account balance averaged -8.8% of Georgia's GDP in the decade leading up to 2022, significantly below the Eastern Europe average of 0.4%. The 2022 reading for Georgia stood at -4.5%. For more current account information, visit our dedicated page.
Georgia Current Account Chart
Note: This chart displays Current Account (% of GDP) for Georgia from 2023 to 2022.
Source: Macrobond.
Georgia Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | -6.0 | -12.4 | -10.3 | -4.4 | -5.5 |
| Current Account Balance (USD bn) | -1.1 | -2.0 | -1.9 | -1.1 | -1.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Gerogian current account projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Gerogian current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Gerogian current account projections.
Want to get access to the full dataset of Gerogian current account forecasts? Send an email to info@focus-economics.com.