Georgia - Balance of payments

Georgia's high level of imports, until 2000, was largely due to its capital account surplus, stemming from the inflows of investments, loans, and grants, rather than from weak export performance. Georgia's capital account subsequently fell into deficit.

The US Central Intelligence Agency (CIA) reports that in 2002 the purchasing power parity of Georgia's exports was $515 million while imports totaled $750 million resulting in a trade deficit of $235 million.

The International Monetary Fund (IMF) reports that in 2000 Georgia had exports of goods totaling $459 million and imports totaling $971 million. The services credit totaled $206 million and debit $216 million. The following table summarizes Georgia's balance of payments as reported by the IMF for 2000 in millions of US dollars.


Current Account -269
Balance on goods -512
Balance on services -10
Balance on income 118
Current transfers 135
Capital Account -5
Financial Account 93
Direct investment abroad 1
Direct investment in Georgia 131
Portfolio investment assets 3
Portfolio investment liabilities
Other investment assets -8
Other investment liabilities -34
Net Errors and Omissions 187
Reserves and Related Items -6
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