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 2023, the current account deficit totaled 558.9 million USD (1.5 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 2023 current account deficit decreased by 0.2 percent annually and current account deficit to GDP from -7.4 percent to -6.7 percent. For 2023 annual current account to GDP ratio amounted to -4.3 percent.

Balance of goods is the major contributor to the current account. Trade of goods deficit decreased by 8.7 percent annually and amounted to 1.6 billion USD (4.4 billion GEL) in the fourth quarter. Among them exports decreased by 2.4 percent and imports by 5.3 percent annually.

The travel export reached 873.7 million USD (2.4 billion GEL) in the fourth quarter of 2023, down by 12.6 percent annually.

Net income account totaled -478.9 million USD (-1.3 billion GEL) in the fourth quarter of 2023. Compensation of employees, the positive component of income account decreased by 2.8 percent, while negative component, investment income, was up by 10.4 percent.

The current transfers balance is positive. Credit of current transfers decreased by 1.1 percent annually totaling 937.6 million USD (2.5 billion GEL). The private sectors transfers was down by 0.5 percent to reach 868.5 million USD (2.3 billion GEL). At the same time government transfers increased by 19.0 percent.

Net foreign direct investments amounted to 149.5 million USD (402.8 million GEL) accounting for 1.8 percent of GDP.

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