In the third quarter of 2025, the current account surplus reached one of its historically high levels relative to GDP, accounting for 3.3 percent of GDP
The National Bank of Georgia Publishes Updated Balance of Payments Statistics
In the third quarter of 2025, the current account surplus amounted to USD 338.8 million. In annual terms, the current account balance improved by 3.5 percentage points relative to GDP, reaching 3.3 percent of GDP.
Notably, the improvement in the current account during the third quarter was largely driven by the services balance. In particular, exports of computer and information services (ICT) increased significantly year-on-year, recording a growth rate of 88.5 percent, while their ratio to GDP reached 2.9 percent. Tourism revenues also increased by 6.6 percent year-on-year, accounting for 16.1 percent of GDP. An improvement in the income account also made a meaningful contribution to the strengthening of the current account balance.
As for the cumulative results of the first three quarters of 2025, the current account deficit stood at 2.1 percent of GDP, representing a historically low level. During this period, a significant contribution to the improvement of the current account was made by the goods trade balance. Specifically, goods exports increased by 8 percent year-on-year, while imports grew by 6.3 percent. As a result, the trade deficit improved by 1.1 percentage points relative to GDP, reaching 18.3 percent. In addition, the services and income accounts also contributed positively to the reduction of the current account deficit.
Foreign direct investment remains one of the main sources of financing for the current account. As of the first three quarters of 2025, FDI amounted to 4.7 percent of GDP.
The above statistical information is published on the website of the National Bank of Georgia under the Statistics section.
For reference, balance of payments statistics is compiled in accordance with the methodology developed by the International Monetary Fund, namely the Balance of Payments Manual, Fifth Edition (BPM5).
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In the first three quarters of 2025, the current account deficit as a percentage of GDP stood at a historically low level, amounting to 2.1 percent of GDP
30.12.2025.16:40
The National Bank of Georgia Publishes Updated Balance of Payments Statistics
In the third quarter of 2025, the current account surplus amounted to USD 338.8 million. In annual terms, the current account balance improved by 3.5 percentage points relative to GDP, reaching 3.3 percent of GDP.
Notably, the improvement in the current account during the third quarter was largely driven by the services balance. In particular, exports of computer and information services (ICT) increased significantly year-on-year, recording a growth rate of 88.5 percent, while their ratio to GDP reached 2.9 percent. Tourism revenues also increased by 6.6 percent year-on-year, accounting for 16.1 percent of GDP. An improvement in the income account also made a meaningful contribution to the strengthening of the current account balance.
As for the cumulative results of the first three quarters of 2025, the current account deficit stood at 2.1 percent of GDP, representing a historically low level. During this period, a significant contribution to the improvement of the current account was made by the goods trade balance. Specifically, goods exports increased by 8 percent year-on-year, while imports grew by 6.3 percent. As a result, the trade deficit improved by 1.1 percentage points relative to GDP, reaching 18.3 percent. In addition, the services and income accounts also contributed positively to the reduction of the current account deficit.
Foreign direct investment remains one of the main sources of financing for the current account. As of the first three quarters of 2025, FDI amounted to 4.7 percent of GDP.
The above statistical information is published on the website of the National Bank of Georgia under the Statistics section.
For reference, balance of payments statistics is compiled in accordance with the methodology developed by the International Monetary Fund, namely the Balance of Payments Manual, Fifth Edition (BPM5).