Goods balance (credit less debit), Net (credits less debits) in Georgia
Georgia: Goods balance (credit less debit), Net (credits less debits) was -6.54 billion in 2024. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in Georgia, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), net (credits less debits) in Georgia is -6.54 billion, measured in 2024. That is the lowest value across all 20 years on record.
Compared with earlier readings it is down 8.8% on the previous year and down 52.5% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Georgia peaked at -1.22 billion in 2005 and was at its lowest, -6.54 billion, in 2024.
Georgia ranks 162nd of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Goods balance (credit less debit), Net (credits less debits) in Georgia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.22 billion | — |
| 2006 | -2.06 billion | +68.9% |
| 2007 | -2.89 billion | +40.5% |
| 2008 | -3.84 billion | +32.8% |
| 2009 | -2.42 billion | -37.0% |
| 2010 | -2.63 billion | +8.7% |
| 2011 | -3.50 billion | +33.2% |
| 2012 | -4.23 billion | +20.8% |
| 2013 | -3.51 billion | -17.0% |
| 2014 | -4.29 billion | +22.2% |
| 2015 | -3.95 billion | -7.8% |
| 2016 | -3.88 billion | -1.8% |
| 2017 | -3.81 billion | -1.9% |
| 2018 | -4.12 billion | +8.0% |
| 2019 | -3.79 billion | -7.9% |
| 2020 | -3.17 billion | -16.5% |
| 2021 | -3.79 billion | +19.7% |
| 2022 | -4.64 billion | +22.4% |
| 2023 | -6.01 billion | +29.5% |
| 2024 | -6.54 billion | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.48 billion | -3.84 billion | -1.22 billion | 5 |
| 2010s | -3.77 billion | -4.29 billion | -2.63 billion | 10 |
| 2020s | -4.83 billion | -6.54 billion | -3.17 billion | 5 |
Countries ranked near Georgia
More financial sector data for Georgia
- Net domestic credit (current LCU), per capita 19,315 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 1.99 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 13.13 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 8.03 million SDR (2025)
- Gold reserves at market value 731.88 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.42 billion SDR (2025)
- Reserves excluding gold 3.76 billion SDR (2025)
- Total reserves (gold at market value) 4.50 billion SDR (2025)
- Total reserves (gold at national valuation) 4.50 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,142 SDR per person (2025)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Georgia?
- Goods balance (credit less debit), net (credits less debits) in Georgia was -6.54 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Georgia?
- The highest recorded value was -1.22 billion in 2005.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Georgia?
- The lowest recorded value was -6.54 billion in 2024.
- How does Georgia rank for goods balance (credit less debit), net (credits less debits)?
- Georgia ranks 162nd out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Georgia?
- Over the last ten years it is down 52.5%. The long-run trend across the full record is falling.
- Where does this Georgia data come from?
- The figures come from International Monetary Fund, published as part of Goods 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.