National Bank of Georgia publishes Q1 2025 balance of payments data showing USD 660.1 million current account deficit

The National Bank of Georgia released Georgia’s balance of payments statistics for the first quarter of 2025, reporting a current account deficit of USD 660.1 million (GEL 1.9 billion), equal to 8.5 percent of GDP. The deficit was driven mainly by a wider goods trade gap and a negative income balance, while services and current transfers made positive contributions. The goods trade deficit increased 15.1 percent year on year to USD 1.7 billion, with exports rising 5.5 percent and imports 10.0 percent. Services export income grew 10.2 percent, including travel exports of USD 826.0 million (up 2.3 percent), computer and information services income of USD 266.4 million (3.4 percent of GDP) and transportation services income of USD 386.3 million (5 percent of GDP). The net income account recorded a deficit of USD 537.5 million, as compensation of employees fell 63.3 percent and net investment income increased 13.2 percent. Current transfers remained positive, but credit of current transfers declined 5.3 percent to USD 876.0 million, with private sector net transfers down 5.3 percent to USD 815.2 million. Net foreign direct investment was USD 74.2 million (1.0 percent of GDP), and the statistics are compiled under the IMF Balance of Payments Manual, fifth edition methodology; the National Bank of Georgia’s website also lists 30 September 2025 publications for the international investment position, gross external debt and second-quarter balance of payments statistics.