FX.co ★ Georgia Current Account Gap Widens to Highest Since 2016

In the first quarter of 2025, Georgia experienced a significant increase in its current account deficit, which expanded to USD 658.91 million compared to USD 318.31 million in the same timeframe the year prior. This represents the largest deficit observed since the fourth quarter of 2016. The primary factor contributing to this decline was a more substantial goods trade deficit, climbing to USD 1,739.08 million from the previous USD 1,513.38 million. On the other hand, the surplus in services improved, reaching USD 806.41 million up from USD 713.12 million. Additionally, the primary income deficit widened to USD 569.53 million from USD 392.87 million, while the secondary income surplus saw a slight decrease to USD 843.30 million from USD 874.83 million.