Georgia Among the 21st Century’s Economic Leaders, Says IMF

For the first time in its history, Georgia has ranked among the top three countries with the highest per capita economic growth in the 21st century, according to the IMF’s long-term global economic development forecast, as reported by the ruling party, Georgian Dream. Georgia is expected to maintain this leadership through 2030.

Exceptional Growth Performance

Since 2012, Georgia has achieved outstanding results in:
- Growth of real GDP per capita
- Economic growth by purchasing power parity (PPP)
- PPP growth at constant prices

In 2024 alone, Georgia’s real GDP per capita rose by 10.7%, making it second in the world, behind only Guyana.

According to the IMF:
- Guyana will record the highest growth (over 876%)
- China will rank second (513%)
- Georgia will take third place (370%)

By 2030, Georgia’s real GDP per capita growth is projected to exceed 500% over 30 years.

Growth in Purchasing Power

Georgia also shows impressive results in GDP per capita by purchasing power parity:

- In 2024, Georgia ranked second globally with 13.3% growth
- Since 2012, Georgia’s PPP-based economy per capita has increased by 173%, surpassing 28,258 international dollars

By the end of 2025:
- Georgia’s GDP per capita (PPP) is expected to reach 30,749 international dollars
- By 2030, it will exceed 43,434 international dollars

Georgia will remain among the top three countries worldwide for 21st-century PPP growth

Surpassing EU Economies

In 2024, Georgia’s total GDP at PPP exceeded $104.4 billion for the first time:
- Surpassing Luxembourg ($100.5 billion)
- Exceeding the economies of Latvia, Estonia, Cyprus, Malta, and Iceland

By 2029, Georgia’s PPP-based GDP will reach $149 billion, overtaking Slovenia ($147 billion forecasted).

By 2030, Georgia’s PPP economy will hit $159.7 billion, marking a 41% increase compared to 2025. Thus, Georgia will surpass seven EU and Schengen Zone countries by PPP economy size.

Structural Reforms and Infrastructure Development

Leading global institutions, including the Asian Development Bank (ADB), have revised Georgia’s growth forecasts upward:

- ADB increased its 2025 growth outlook from 5.5% to 6%
- Growth drivers include:
- Expansion of the construction and infrastructure sectors
- Development of the transport and logistics industry
- Reforms improving the investment climate
- External trade growth also continues to positively impact the Georgian economy.

Conclusion

Georgia is positioning itself among the most dynamic and rapidly developing economies of the 21st century. According to Georgian Dream, this success is attributed to:
- Consistent economic policy
- Successful adaptation to global challenges
- Strategic long-term reforms
Georgia is thus seen as a stable and promising model for sustainable economic development on the global stage.