Current account balance (credit less debit), Net (credits less) in Georgia
Georgia: Current account balance (credit less debit), Net (credits less) was -1.79 billion in 2024. ▬ Flat
Current account balance (credit less debit), Net (credits less debits) in Georgia, 2005–2024
Source: International Monetary Fund.
Analysis
Georgia recorded -1.79 billion for current account balance (credit less debit), net (credits less debits) in 2024.
That represents a change of down 9.3% on the previous year and down 0.1% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Georgia peaked at -645.06 million in 2022 and was at its lowest, -2.81 billion, in 2008.
That places Georgia 147th out of 198 countries with data for 2024, putting it in the middle of the range.
Current account balance (credit less debit), Net (credits less) in Georgia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -695.66 million | — |
| 2006 | -1.19 billion | +71.2% |
| 2007 | -1.99 billion | +67.2% |
| 2008 | -2.81 billion | +41.1% |
| 2009 | -1.14 billion | -59.4% |
| 2010 | -1.20 billion | +5.1% |
| 2011 | -1.84 billion | +53.7% |
| 2012 | -1.88 billion | +2.2% |
| 2013 | -955.49 million | -49.2% |
| 2014 | -1.78 billion | +86.7% |
| 2015 | -1.77 billion | -1.0% |
| 2016 | -1.89 billion | +7.0% |
| 2017 | -1.31 billion | -30.7% |
| 2018 | -1.19 billion | -9.0% |
| 2019 | -1.06 billion | -11.3% |
| 2020 | -1.99 billion | +88.1% |
| 2021 | -1.94 billion | -2.5% |
| 2022 | -645.06 million | -66.7% |
| 2023 | -1.63 billion | +153.2% |
| 2024 | -1.79 billion | +9.3% |
Georgia compared with similar countries
- Georgia's -1.79 billion is below the median for upper middle income countries, which is -494.28 million, 3.6× the median. (54 countries reporting)
- Georgia's -1.79 billion is below the median for Europe & Central Asia, which is -449.44 million, 4.0× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.57 billion | -2.81 billion | -695.66 million | 5 |
| 2010s | -1.49 billion | -1.89 billion | -955.49 million | 10 |
| 2020s | -1.60 billion | -1.99 billion | -645.06 million | 5 |
Countries ranked near Georgia
More financial sector data for Georgia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0076 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0055 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0076 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Georgia?
- Current account balance (credit less debit), net (credits less debits) in Georgia was -1.79 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Georgia?
- The highest recorded value was -645.06 million in 2022.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Georgia?
- The lowest recorded value was -2.81 billion in 2008.
- How does Georgia rank for current account balance (credit less debit), net (credits less debits)?
- Georgia ranks 147th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Georgia?
- Over the last ten years it is down 0.1%. The long-run trend across the full record is flat.
- Where does this Georgia data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.