Current account deficit amounted to 514.1 million US dollars (853.2 million GEL) in the third quarter of 2011. It was 15.3 percent more compared to the preceding quarter.

During the accounting period, as compared to the previous quarter, export of goods decreased by 63.3 million US dollars and import of goods increased by 166.9 million US dollars. As a result trade deficit increased totaling 962.5 million US dollars (1.6 billion GEL). That is 31.4 percent more than the previous quarter figure and 45.4 percent more compared to the same quarter of 2010.

Within the third quarter, balance of services account was positive and equaled to 263.0 million US dollars (436.4 million GEL). The export of services was 608.9 million US dollars (1.0 billion GEL) 30.9 percent more than in the previous quarter and 23.6 percent greater than the figure in the same quarter of 2010. Import of services amounted to 345.8 million US dollars (573.9 million GEL). That is 9.8 percent and 18.9 percent increase as compared to the preceding quarter and the third quarter of 2010 respectively.

From services account travel had the most significant positive balance (257.9 million US dollars or 427.9 million GEL). It has increased by 58.4 percent compared to the previous quarter figure and by 45.8 percent compared to the figure of the same period of 2010. The second positive component was transportation services constituting 30.7 million US dollars (50.9 million GEL). The export of this item has increased by 12.6 percent and by 14.9 percent compared to the previous quarter and to the same quarter of 2010 respectively. As for imports, it has increased by 12.4 percent compared to preceding quarter, while growth compared to the third quarter of 2010 amounted to 22.2 percent.
Balance of income was negative equaling -133.6 million US dollars (221.7 million GEL) in the third quarter of 2011. Income credit amounted to 162.7 million US dollars (270.0 million GEL) 20.6 percent more than figure of the previous quarter and 49.9 percent higher than the figure for the same quarter of 2010. Income debit totaled 296.3 million US dollars (491.7 million GEL) was 2.5 and 39.3 percent more than the figures of previous quarter and the same quarter of 2010 respectively.

Current transfers was the largest positive component of the current account and amounted to 319.0 million US dollars (529.3 million GEL). The quarterly and annual growth of this component was 9.8 percent and 15.2 percent respectively. Inflow of current transfers equaled 342.4 million US dollars (568.2 million GEL), while outflow made up 23.4 million US dollars (38.9 million GEL). Annual decrease of net current transfers of public sector was 40.2 percent and of other sector was 26.7 percent.

Net capital transfers in the reporting period equaled to 28.1 million US dollars (46.7 million GEL). That is 41.0 percent less than the previous quarter figure and 46.7 percent decrease compared to the same period of 2010. Capital transfers of general government made up 24.6 million US dollars (40.9 million GEL). That is 44.0 and 49.5 percent decrease compared to the figures of the previous quarter and the same period of 2010 respectively.

Net foreign direct investments amounted to 268.0 million US dollars (444.7 million GEL) in the third quarter of 2011. Foreign direct investment to Georgia made up 266.0 million US dollars (441.5 million GEL), that is 35.0 percent increase as compared to the previous quarter and 17.6 percent increase as compared to the same quarter of 2010. Out of total foreign direct investments to Georgia investment in equity capital amounted to 128.5 million US dollars (213.2 million GEL), reinvested earnings – 93.3 million US dollars (154.8 million GEL), and other capital - 44.3 million US dollars (73.5 million GEL).

A positive balance of other investments amounted to 230.6 million US dollars (382.6 million GEL) in the reporting period. This item is increased by 66.5 percent compared to the previous quarter figure. Net other investments was -108.5 million US dollars in the same quarter of 2010. Assets of other investments have increased by 106.1 million US dollars (by 176.1 million GEL) in the third quarter of 2011. At the same time the liabilities grew by 3.2 times more than assets (336.7 million US dollars or 558.7 million GEL) in the reporting period.

Official reserve assets increased by 48.5 million US dollars (80.5 million GEL) due to operational changes during the third quarter of 2011.