Current account balance (credit less debit), Percent of GDP (Balance) in Georgia
Georgia: Current account balance (credit less debit), Percent of GDP (Balance) was -4.93 in 2030. ▲ Rising
Current account balance (credit less debit), Percent of GDP (Balance) in Georgia, 2000–2030
Source: International Monetary Fund.
Analysis
In 2030, current account balance (credit less debit), percent of gdp (balance) in Georgia stood at -4.93.
The figure is down 2.4% on the previous year and up 60.4% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Georgia peaked at -4.42 in 2024 and was at its lowest, -21.36, in 2008.
Georgia ranks 25th of 32 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Current account balance (credit less debit), Percent of GDP (Balance) in Georgia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -5.59 | — |
| 2001 | -5.95 | +6.4% |
| 2002 | -6.21 | +4.3% |
| 2003 | -9.32 | +50.0% |
| 2004 | -6.76 | -27.4% |
| 2005 | -10.56 | +56.1% |
| 2006 | -14.93 | +41.4% |
| 2007 | -19.05 | +27.6% |
| 2008 | -21.36 | +12.2% |
| 2009 | -10.31 | -51.7% |
| 2010 | -9.65 | -6.4% |
| 2011 | -11.91 | +23.4% |
| 2012 | -11.14 | -6.4% |
| 2013 | -5.46 | -51.1% |
| 2014 | -9.93 | +82.0% |
| 2015 | -11.61 | +16.9% |
| 2016 | -12.21 | +5.2% |
| 2017 | -7.94 | -35.0% |
| 2018 | -6.66 | -16.2% |
| 2019 | -5.99 | -10.0% |
| 2020 | -12.43 | +107.5% |
| 2021 | -10.31 | -17.1% |
| 2022 | -4.42 | -57.1% |
| 2023 | -5.55 | +25.6% |
| 2024 | -4.42 | -20.4% |
| 2025 | -4.53 | +2.6% |
| 2026 | -4.55 | +0.4% |
| 2027 | -4.7 | +3.2% |
| 2028 | -4.79 | +1.9% |
| 2029 | -4.81 | +0.5% |
| 2030 | -4.93 | +2.4% |
Georgia compared with similar countries
- Georgia's -4.93 is below the median for upper middle income countries, which is -2.68, 1.8× the median. (10 countries reporting)
- Georgia's -4.93 is below the median for Europe & Central Asia, which is -3.95, 1.2× the median. (8 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -11 | -21.36 | -5.59 | 10 |
| 2010s | -9.25 | -12.21 | -5.46 | 10 |
| 2020s | -6.05 | -12.43 | -4.42 | 10 |
| 2030s | -4.93 | -4.93 | -4.93 | 1 |
Countries ranked near Georgia
- 22 Armenia -4.32 compare
- 23 Jordan -4.71 compare
- 24 Uzbekistan -4.78 compare
- 26 Kyrgyzstan -6.16 compare
- 27 Mauritania -7.44 compare
- 28 Somalia -10.1 compare
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), percent of gdp (balance) in Georgia?
- Current account balance (credit less debit), percent of gdp (balance) in Georgia was -4.93 in 2030, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Georgia?
- The highest recorded value was -4.42 in 2024.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Georgia?
- The lowest recorded value was -21.36 in 2008.
- How does Georgia rank for current account balance (credit less debit), percent of gdp (balance)?
- Georgia ranks 25th out of 32 countries with data for 2030.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Georgia?
- Over the last ten years it is up 60.4%. The long-run trend across the full record is rising.
- Where does this Georgia data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
Download this data
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About this data
The Middle East and Central Asia Department Regional Economic Outlook (MCDREO) provides information on recent economic developments and prospects for 32 countries and territories: Afghanistan, Algeria, Armenia, Azerbaijan, Bahrain, Djibouti, Egypt, Georgia, Islamic Republic of Iran, Iraq, Jordan, Kazakhstan, Kuwait, Kyrgyz Republic, Lebanon, Libya, Mauritania, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Syrian Arab Republic, Tajikistan, Tunisia, Turkmenistan, United Arab Emirates, Uzbekistan, West Bank and Gaza, and Yemen. These countries and territories are divided into two main nonoverlapping groups, based on export earnings, namely (1) oil exporters; and (2) oil importers. The oil importers group comprises (1) emerging market and middle-income countries (EM&MI) and (2) low-income countries (LICs) based on the income level. Additional analytical and regional groups might be used to provide a more granular breakdown for analysis and continuity.