BALANCE OF PAYMENTS OF GEORGIA: KEY ASPECTS OF ITS ANALYSIS

Abstract

What does the Balance of Payments deficit mean? The deficit of the balance of payments does not always mean economic downturn, or vice versa. However, achieving and maintaining the balance of international economic relations is an important macroeconomic task for any country. In this regard,  the  in-depth  analysis  of  the  balance  of  payments tendencies is extremely important, especially for Georgia. Unfortunately, in our country often approaches and methods of analysis are inadequate, communication with users is delayed, data  transparency  is  insufficient, academic  circles  are  less interested in external sector statistics problem. The purpose of this paper is to provoke designing of comprehensive foreign sector data analysis among appropriate specialists.