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

In the third quarter of 2023, the current account became positive and equaled 163.6 million USD (428.8 million GEL). The trade of goods and income account make negative contribution to current account, while services account and current transfers - positive. In the third quarter of 2023 current account surplus decreased by 51.2  percent annually and current account to GDP ratio from 4.8 percent to 2.0 percent.

Balance of goods is the major contributor to the current account. Trade of goods deficit increased by 19.5 percent annually and amounted to 1.4 billion USD (3.7 billion GEL) in the third quarter. Among them exports decreased by 5.2 percent and imports increased by 3.5 percent annually.

The travel export reached 1.4 billion USD (3.8 billion GEL) in the third quarter of 2023, up by 5.3 percent annually.

Net income account totaled -468.4 million USD (-1.2 billion GEL) in the third quarter of 2023. Compensation of employees, the positive component of income account increased by 5.4 percent and negative component, investment income, decreased by 11.0 percent.

The current transfers balance is positive. Credit of current transfers increased by 6.1percent annually totaling 889.3 million USD (2.3 billion GEL). The private sectors transfers decreased by 6.8 percent to reach 840.2 million USD (2.2 billion GEL).

Net foreign direct investments amounted to 227.0 million USD (594.9 million GEL) accounting for 2.8 percent of GDP.

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