In the second quarter of 2026, the current account deficit improved by USD 184.1 million compared to the same period of the previous year and amounted to USD 145.2 million - NBG
The release is prepared in accordance with the methodology of the IMF’s Balance of Payments Manual, Fifth Edition (BPM5).
In the second quarter of 2026, the current account deficit improved by USD 184.1 million compared to the same period of the previous year and amounted to USD 145.2 million (GEL 388.8 million) and 1.4 percent of gross domestic product (GDP).
Balance of goods remains the main driver of the current account balance. Trade in goods deficit decreased by 4.7 percent year-on-year, amounting to USD 1.6 billion (GEL 4.2 billion) in the second quarter of 2026. Export of goods increased by 20.2 percent and import by 10.1 percent.
In the second quarter of 2026 the services surplus rose by 3.0 percent, or USD 31.7 million, compared to the same period of the previous year, reaching USD 1.1 billion. Total export of services increased by 7.8 percent year-on-year, reaching USD 2.1 billion (GEL 5.7 billion) in the second quarter of 2026. The travel services exports amounted to USD 1.1 billion (GEL 3.0 billion) representing an annual decrease of 3.8 percent. Particularly noteworthy was the growth in exports of computer and information services by 79.8 percent year-on-year to USD 400.2 million, equivalent to 3.8 percent of GDP. Transport services exports remained an important component of Georgia's services exports reaching USD 417.1 million, or 4.0 percent of GDP in the second quarter of 2026.
Net income account totaled USD -659.8 million (GEL -1.8 billion) in the second quarter of 2026. Net compensation of employees, the positive component of income account declined by 15.3 percent year-on-year while net investment income - the negative component increased by 3.7 percent over the same period.
The current transfers account remained in surplus in the second quarter of 2026. Credits of current transfers increased by 13.4 percent year-on-year, reaching USD 1.0 billion (GEL 2.7 billion). Net transfers of the private sector also continued to grow, rising by 12.7 percent to USD 965.3 million (GEL 2.6 billion).
The current account deficit is predominantly financed by foreign direct investment. Net foreign direct investment amounted to USD 364.3 million (GEL 975.4 million) in the reporting period, accounting for 3.5 percent of GDP.
The presented statistical information is published on the website of the National Bank of Georgia.
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