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 2025, the current account deficit stood at 660.1 million USD (1.9 billion GEL). The trade of goods and income account make negative contribution to current account, while services account and current transfers has a positive impact.

Balance of goods remains the main driver of the current account balance. Trade of goods deficit increased by 15.1 percent annually and amounted to 1.7 billion USD (4.9 billion GEL) in the first quarter. Among them exports increased by 5.5 percent and imports - by 10.0 percent annually. In the first quarter of 2025, the current account deficit amounted to 8.5 percent of Gross Domestic Product (GDP).

Income from the export of services continued to increase, rising by 10.2 percent in the first quarter of 2025 compared to the same period of the previous year. The travel export reached 826.0 million USD (2.3 billion GEL) in the first quarter of 2025, up by 2.3 percent annually. Notably, income from the export of computer and information services are also on the rise. In the first quarter of 2025, these income reached USD 266.4 million, accounting for 3.4 percent of GDP. Meanwhile, income from the export of transportation services remain at a high level, amounting to USD 386.3 million in the first quarter of 2025, which represents 5 percent of GDP.

 

Net income account totaled -537.5 million USD (-1.5 billion GEL) in the first quarter of 2025. Compensation of employees, the positive component of income account declined by 63.3 percent, while net investment income - the negative component - increased by 13.2 percent year-on-year.

The current transfers account remained positive. However credit of current transfers decreased by 5.3 percent annually, totaling 876.0 million USD (2.5 billion GEL). The private sectors net transfers was down by 5.3 percent amounting to 815.2 million USD (2.3 billion GEL).

Net foreign direct investments amounted to 74.2 million USD (208.7 million GEL) accounting for 1.0 percent of GDP in the reporting period.

 

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