Balance of Payments statistic is compiled according to the methodology provided by the IMF's "Balance of Payments Manual, Fifth edition".

In the second quarter of 2024, the current account deficit totaled 593.7 million USD (1.6 billion GEL). The trade of goods and income account make negative contribution to current account, while services account and current transfers - positive. In the second quarter of 2024 current account deficit increased by 1.6 percent annually, while current account deficit to GDP decreased from -7.6 percent to -7.4 percent.

Balance of goods is the major contributor to the current account. Trade of goods deficit increased by 27.1 percent annually and amounted to 1.8 billion USD (5.0 billion GEL) in the second quarter. Among them exports decreased by 5.9 percent, while imports increased by 7.4 percent annually.

The travel export reached 1.1 billion USD (3.0 billion GEL) in the second quarter of 2024, up by 8.1 percent annually.

Net income account totaled -543.9 million USD (-1.5 billion GEL) in the second quarter of 2024. Compensation of employees, the positive component of income account decreased by 14.1 percent, and negative component, investment income, by 22.4 percent.

The current transfers balance is positive. Credit of current transfers increased by 5.7 percent annually totaling 868.3 million USD (2.4 billion GEL). The private sectors transfers was up by 7.2 percent to reach 824.0 million USD (2.3 billion GEL).

Net foreign direct investments amounted to 486.5 million USD (1.3 billion GEL) accounting for 6.0 percent of GDP.

The presented statistical information is published on the website of the National Bank of Georgia under the heading "Statistics".