Georgia’s current account deficit doubled year-on-year to $660.1 million in January-March 2025, the National Bank of Georgia said in a report.
The deficit for foreign trade in goods grew 15.1% to $1.75 billion, while the surplus for foreign trade in services grew 15.8% to $780.3 million.
The deficit for primary income, which is the difference between investment income payments and the inflow of funds from the wages of temporary workers abroad, increased 1.5-fold to $537.5 million. The surplus for secondary income, or the balance of transfers received by the state from abroad, decreased by 3.6% to $843.2 million.
Net borrowing for the financial account increased 1.9-fold to $622.1 million. The financial account had net incoming direct investment of $74.2 million, up 21.6%, other investments of $248.7 million, down 36%, and net portfolio investment inflow was $84.5 million, compared to a net outflow of $302.1 million a year previously.
Georgia’s current account deficit decreased 12.7% to $1.5 billion in 2024, after growing 1.5-fold in 2023.
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