Negative trade balance of Georgia
By Messenger Staff
Friday, January 13Negative trade balance is a permanent problem of Georgia’s economy; it means that the country imports more than it exports. For instance in 2011 Georgia spent more than USD 6 billion on importing goods whereas it exported goods of only around USD 2 billion. That means that the country’s negative balance in 2011 was over USD 4 billion. A negative balance is not preferable for the country and the opposition is criticizing the Government for that. However Prime Minister Nika Gilauri during his final press conference summing up the achievements of 2011 gave an official explanation for how they cover this deficit; that the deficit of 4 billion is covered by the aggregated investments in the country.