Georgia's current account deficit halves in Jan-Sept

TBILISI. Dec 30 (Interfax) - Georgia's current account deficit amounted to $584.2 million in January-September 2025, down 47.4% compared to the figure for the same period in 2024, according to materials from the country's National Bank.

The sharp reduction in the current account deficit for 9M is associated with a surplus in Q3 of $338.8 million (in Q3 2024, the deficit was $17.5 million), while at the end of H1 the deficit was $923 million.

In the structure of the current account, the deficit in merchandise trade for January-September increased 4.2% to $5.05 billion, while the surplus in services trade grew 17.8% to $3.52 billion.

For the primary income item (the difference between investment income payments and inflows from compensation of employees working abroad temporarily), a deficit of $1.64 billion was recorded (-7.2%). For the secondary income item (the balance of transfer receipts from abroad to the state), the surplus increased 2.3% to $2.6 billion.

Net borrowing from the financial account amounted to $534.8 million, down 50%. In the structure of the financial account, the net inflow of foreign direct investment was $1.01 billion (+22.3%), the net outflow of other investments was $56.7 million (-78.7%), and the net inflow of portfolio investment amounted to $261.2 million (compared to a net outflow of $100 million in January-September 2024).

In 2024, Georgia's current account deficit was $1.5 billion, down 12.7% after a 1.5-fold increase in 2023.