Balance of Payments statistic is compiled according to the methodology provided by the IMF's "Balance of Payments Manual, Fifth edition".

In the first quarter of 2024, the current account deficit totaled 351.2 million USD (938.2 million GEL). The trade of goods and income account make negative contribution to current account, while services account and current transfers - positive. In the first quarter of 2024 current account deficit decreased by 5.5 percent annually and current account deficit to GDP from -5.8 percent to -5.0 percent. 

Balance of goods is the major contributor to the current account. Trade of goods deficit increased by 8.4 percent annually and amounted to 1.5 billion USD (4.1 billion GEL) in the first quarter. Among them exports decreased by 9.8 percent and imports by 2.1 percent annually. 

The travel export reached 807.7 million USD (2.2 billion GEL) in the first quarter of 2024, up by 1.5 percent annually.

Net income account totaled -377.5 million USD (-1.0 billion GEL) in the first quarter of 2024. Compensation of employees, the positive component of income account increased by 3.6 percent, and negative component, investment income, was up by 6.7 percent.


The current transfers balance is positive. Credit of current transfers increased by 18.4 percent annually totaling 925.5 million USD (2.5 billion GEL). The private sectors transfers was up by 18.3 percent to reach 860.9 million USD (2.3 billion GEL). Net foreign direct investments amounted to 71.8 million USD (191.9 million GEL) accounting for 1.0 percent of GDP.


presented statistical information is published on the website of the National Bank of Georgia under the heading "Statistics".