Georgia’s current account deficit narrowed by USD 274.9 million year-on-year in the first quarter of 2026, reaching USD 348.1 million (GEL 939.7 million), or 3.8% of GDP, the National Bank of Georgia (NBG) reports.
The NBG says all four components of the current account improved compared to the first quarter of 2025. While trade in goods and primary income continued to weigh on the current account, trade in services and current transfers remained in surplus.
The trade deficit declined 1.8% to USD 1.7 billion as exports of goods rose 23.8% and imports increased 11.4% year-on-year.
The services surplus increased 9.8% to USD 876.1 million. Service exports totaled USD 1.8 billion, driven by strong growth in computer and information services, which surged 65.7% to USD 441.3 million. Travel services generated USD 829.8 million in export revenues, while transport services contributed USD 333.4 million.
Current transfers rose 7.1% to USD 937.1 million, with net private transfers increasing 8.5% to USD 884.4 million.
Foreign direct investment, the main source of financing the current account deficit, amounted to USD 160.9 million in the first quarter, equivalent to 1.8% of GDP.
