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

 

In the fourth quarter of 2021, the current account deficit totaled 531.1 million USD (1.7 billion GEL). The trade of goods and income account make negative contribution to current account, while services account and current transfers - positive. In the fourth quarter of 2021 current account deficit decreased by 5.9 percent annually and current account deficit to GDP from -13.2 percent to -9.6 percent. For 2021 annual current account to GDP ratio amounted to 9.8 percent.

 

Balance of goods is the major contributor to the current account. Trade of goods deficit increased by 21.3 percent annually and amounted to 1.1 billion USD (3.4 billion GEL) in the fourth quarter. Among them exports increased by 35.3 percent and imports by 29.4 percent annually.

 

Partially recovered travel export continued to grow in the following quarters to reached 379.3 million USD (1.2 billion GEL), that is 55.3 percent of the value of corresponding period in 2019.

 

Net income account totaled -306.6 million USD (-958.1 million GEL) in the fourth quarter of 2021. Compensation of employees, the positive component of income account increased by 7.6 percent and negative component, investment income, was up by 25.4 percent.

 

The current transfers balance is positive. Credit of current transfers increased by 9.9 percent annually totaling 710.7 million USD (2.2 billion GEL). The private sectors transfers was up by 28.3 percent to reach 616.5 million USD (1.9 billion GEL). At the same time government transfers decreased by 55.6 percent.

 

Net foreign direct investments amounted to 340.9 million USD (1.1 billion GEL) accounting for 6.2 percent of GDP.

 

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