Current account deficit amounted to 384.3 million US dollars (638.1 million GEL) in the first quarter of 2012. That is 27.7 percent decrease on quarterly base and 25.9 increase on yearly base.

Export of goods decreased by 146.6 million US dollars and import of goods decreased by 333.6 million US dollars as compared to the previous quarter. As a result trade deficit declined totaling 841.7 million US dollars (1.4 billion GEL). That is 18.2 percent less than the previous quarter figure and 22.7 percent more compared to the same quarter of 2011.

Balance of services account was positive and equaled 203.0 million US dollars (337.1 million GEL). The export of services was 496.2 million US dollars (823.8 million GEL), 2.9 percent less than in the previous quarter and 25.0 percent more than the figure of the same quarter of 2011. Import of services amounted to 293.2 million US dollars (486.8 million GEL). That is 19.1 percent increase as compared to the first quarter of 2011 and by 15.5 percent less than the figure in preceding quarter.

From services account travel had the most significant positive balance (187.3 million US dollars or 311.0 million GEL). It has increased by 2.6 percent compared to the previous quarter figure and increased by 53.9 percent compared to the figure of the same period of 2011. The second positive component was transportation services constituting 37.4 million US dollars (62.0 million GEL). The export of this item has decreased by 3.0 percent compared to the previous quarter, while increased by 8.9 percent compared to the same quarter of 2011. As for imports, it has decreased by 18.5 percent as compared to preceding quarter while increased by 18.8 percent compared to the first quarter of 2011.

Balance of income was negative equaling -62.2 million US dollars (-103.0 million GEL). Income credit amounted to 201.2 million US dollars (334.1 million GEL) 1.7 percent less than figure of the previous quarter and 29.5 percent higher than the figure for the same quarter of 2011. Income debit totaled -263.2 million US dollars (-437.0 million GEL) was 0.4 less than the previous quarter and 26.3 percent more than the figure of the same quarter of 2011.

Current transfers was the largest positive component of the current account and amounted to 316.4 million US dollars (525.3 million GEL). The quarterly decrease was19.5 percent, while the annual growth of this component was 11.7 percent. Inflow of current transfers equaled 341.2 million US dollars (566.4 million GEL), while outflow made up 24.8 million US dollars (41.2 million GEL). Annual decrease of net current transfers of public sector was 28.1 percent, while other sectors current transfers increase was 15.5 percent.

Net capital transfers equaled to 10.8 million US dollars (18.0 million GEL). That is 49.6 percent less than the previous quarter figure and 80.3 percent decrease compared to the same period of 2011.

Net foreign direct investments amounted to 228.7 million US dollars (379.7 million GEL) in the first quarter of 2012. Foreign direct investment to Georgia made up 269.4 million US dollars (447.2 million GEL), that is 20.5 percent decrease as compared to the previous quarter and 53.7 percent increase as compared to the same quarter of 2011. Out of total foreign direct investments to Georgia investment in equity capital amounted to 145.2 million US dollars (241.1 million GEL), reinvested earnings to 96.5 million US dollars (160.2 million GEL), and other capital to 27.7 million US dollars (46.0 million GEL).

A positive balance of other investments amounted to 54.9 million US dollars (91.2 million GEL) in the reporting period. Of which assets amounted to 75.6 million USD (125.6 million GEL) and liabilities amounted to -20.7 million USD (-34.4 million GEL). Other investment liabilities decreased due to loan reduction.

Official reserve assets decreased by 26.9 million US dollars (44.6 million GEL) due to transactional changes during the first quarter of 2012.