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IMF gives forecast for Georgia's current account balance

Georgia Materials 21 April 2022 19:02 (UTC +04:00)
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, April 21. Georgia’s current account deficit is predicted at 11.4 percent ($2.38 billion), Trend reports via World Economic Outlook from the International Monetary Fund (IMF).

According to the report, the same index in 2023 will be at 7.5 percent ($1.74 billion), 6.3 percent ($1.6 billion) - in 2024, 5.8 percent ($1.63 billion) - in 2025, 5.7 percent ($1.74 billion) - in 2026, and 5.6 percent ($1.89 billion) - in 2027.

Earlier, the IMF noted that Georgia’s inflation rate in 2022 is predicted at 9.9 percent, while the baseline outlook envisages Georgia’s GDP growth in 2022 at 3.2 percent, and the nominal GDP will amount to $20.89 billion.

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