Georgia reported growing deficit of current account of pay balance
Today, National Bank of Georgia reported the growing deficit of the current account of the balance of payments in the fourth quarter 2010. As reported by Business Georgia, it comprised 374,7 million dollars in the mentioned period, which is by 58,3 percent greater than in the third quarter of 2010 and by 11,5 percent greater than the figure of the same period in 2009.
The export of goods in comparison to the third quarter grew by 163,9 million dollars, while the import grew by 266,4 million dollars. Thus, the trade deficit also grew up to 760,1 million dollar. That is by 15,6 % greater than in the third quarter 2010 and by 7,1 greater than in the same period a year earlier.
Reserves grew by 173,7 million dollars in the mentioned period, while the growth of foreign currency amounted to 172,7 million dollars.