Current account balance as a share of GDP in Georgia
Georgia: Current account balance as a share of GDP was -5.2% in 2024. ▲ Rising
Latest (2024)
-5.2%
Change on year
up 1.7%
World rank
143rd
of 193 countries
All-time high
-2.6%
in 2022
All-time low
-22.0%
in 2008
Years of data
25
2000–2024
Current account balance as a share of GDP in Georgia, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2024, current account balance as a share of gdp in Georgia stood at -5.2%.
That represents a change of up 1.7% on the previous year and up 47.4% over ten years.
Over the whole period, current account balance as a share of gdp in Georgia peaked at -2.6% in 2022 and was at its lowest, -22.0%, in 2008.
Georgia ranks 143rd of 193 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Current account balance as a share of GDP in Georgia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -5.8% | — |
| 2001 | -6.1% | +6.4% |
| 2002 | -6.4% | +4.4% |
| 2003 | -9.6% | +49.9% |
| 2004 | -7.0% | -27.5% |
| 2005 | -10.8% | +56.1% |
| 2006 | -15.4% | +41.8% |
| 2007 | -19.6% | +27.3% |
| 2008 | -22.0% | +12.2% |
| 2009 | -10.6% | -51.8% |
| 2010 | -9.7% | -9.0% |
| 2011 | -11.9% | +23.4% |
| 2012 | -11.1% | -6.5% |
| 2013 | -5.5% | -51.1% |
| 2014 | -9.9% | +82.2% |
| 2015 | -11.6% | +16.9% |
| 2016 | -12.2% | +5.4% |
| 2017 | -8.0% | -35.0% |
| 2018 | -6.7% | -16.2% |
| 2019 | -6.0% | -10.1% |
| 2020 | -12.4% | +107.3% |
| 2021 | -10.3% | -17.1% |
| 2022 | -2.6% | -74.9% |
| 2023 | -5.3% | +105.8% |
| 2024 | -5.2% | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -11.3% | -22.0% | -5.8% | 10 |
| 2010s | -9.3% | -12.2% | -5.5% | 10 |
| 2020s | -7.2% | -12.4% | -2.6% | 5 |
Countries ranked near Georgia
- 140 New Zealand -4.7% compare
- 141 Uzbekistan -5.0% compare
- 142 Burkina Faso -5.1% compare
- 143 Barbados -5.2% compare
- 145 Madagascar -5.4% compare
- 146 Egypt -5.7% compare
More economy & growth data for Georgia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.32 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5 Percent per annum (2029)
- Services, value added (constant LCU), per capita 12,403 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 4.64 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 12.42 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8772 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 8,502 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 13.31 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 2.41 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 23,314 current LCU per person (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Georgia?
- Current account balance as a share of gdp in Georgia was -5.2% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Georgia?
- The highest recorded value was -2.6% in 2022.
- What is the lowest current account balance as a share of gdp recorded in Georgia?
- The lowest recorded value was -22.0% in 2008.
- How does Georgia rank for current account balance as a share of gdp?
- Georgia ranks 143rd out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Georgia?
- Over the last ten years it is up 47.4%. The long-run trend across the full record is rising.
- Where does this Georgia data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).