Current Account Balance: Georgia

Analysis# Georgia Current Account Balance Georgia's current account balance stands at -4.6% of GDP in 2026, reflecting a modest deficit relative to the economy's size. This figure sits near the country's best performance of -4.4% in 2022, marking a significant improvement from the catastrophic -21.4% deficit recorded in 2008. Since 1995, Georgia has narrowed its current account deficit by 74%, demonstrating substantial progress in external economic stability over three decades. The period from 2020 to 2022 represents a crucial turning point. A sharp spike to -12.4% in 2020 reversed dramatically to -4.4% by 2022, driven by economic restructuring and improved trade dynamics. Recent years suggest stabilization around the -4.5% to -4.6% range through 2026, indicating Georgia has achieved a sustainable external position after decades of volatility.