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Current Account Went into Surplus in the Third Quarter of 2022
For the first time since 2018 and for the second time in the history of independent Georgia, the current account of the third quarter of 2022 went into surplus
23/01/2023FactCheck NewspaperFactCheck Newspaper -
Mamuka Bakhtadze:We inherited a difficult legacy when import was thrice as large as export. We had one of the worst parameters in terms of the current account deficit in the world
Verdict: FactCheck concludes that Mamuka Bakhtadze’s statement is MOSTLY TRUE.
15/07/2019Mostly TrueThe application is accurate, but requires additional information and/or definition -
Mamuka Bakhtadze:We have halved the current account deficit. Export is at a historical maximum and income from the service sector, including tourism, is also at a historical maximum
Verdict: FactCheck concludes that Mamuka Bakhtadze’s statement is HALF TRUE.
05/06/2019Half TrueThe statement is partly accurate, but the details are missing or some of the issues are without context -
Koba Gvenetadze:In the third quarter of 2018, for the first time in the history of Georgia, current account balance is positive and reached 0.3% of the country’s GDP
Verdict: FactCheck concludes that Koba Gvenetadze’s statement is TRUE.
24/01/2019TrueThe statement is accurate and nothing is missing -
Giorgi Kobulia:Of the USD 3.5 billion deficit in trade, USD 2 billion is covered by tourism revenues
Verdict: FactCheck concludes that Giorgi Kobulia’s statement is TRUE. Resume: The country’s
09/12/2018TrueThe statement is accurate and nothing is missing
