Irakli Kobakhidze: For the first time in history, according to the IMF, Georgia is among the top three countries of the 21st century in terms of real economic growth per capita and growth in purchasing power parity and is expected to maintain this leading position until 2030

For the first time in history, according to the IMF, Georgia is among the top three countries of the 21st century in terms of real economic growth per capita and growth in purchasing power parity and is expected to maintain this leading position until 2030, - Prime Minister Irakli Kobakhidze wrote on social media.

According to him, in 2030 Georgia will have a larger nominal purchasing power parity economy than 7 countries of the European Union and the Schengen zone: Luxembourg, Slovenia, Iceland, Malta, Cyprus, Latvia and Estonia.

“The International Monetary Fund has published the World Economic Outlook until 2030. For the first time in history, according to the IMF, Georgia is in the top three of the 21st century in terms of real economic growth per capita and growth in purchasing power parity. This leading position is expected to continue through 2030. Georgia is in the top three of the 21st century in three areas of economic growth outlook: real GDP per capita growth rate; $GDP per capita growth rate according to purchasing power parity; $GDP per capita;

As for progress since 2012: With 12 years of growth in purchasing power parity per capita since 2012, Georgia is in the top three of the world and will maintain this leading position until 2030 with 18 years of progress.

With 12 years of growth in real GDP per capita since 2012 Georgia is in the top five in the world, and from 2028 it will move into the top three based on the progress made since 2012.

According to the IMF, Georgia’s economy per capita grew by 10.7% in 2024, ranking second in the world after Guyana, and Georgia’s historic progress in real economy per capita in the 21st century has placed it among the top three in the world. According to the IMF, Guyana’s economy will show the highest growth in terms of per capita GDP in the first quarter of this century. Guyana’s real GDP per capita growth will exceed 876% over this 25-year period, followed by China with a 513% increase, and Georgia will come in third, with a 370% increase in real economy per capita in the first quarter of the 21st century.

It is noteworthy that according to the IMF outlook, Georgia will maintain such leading position until 2030. In 2030, Georgia will be in third place in the world with a 30-year growth rate of the real economy per capita, and the growth rate during this three-decade period will exceed 500%.

In terms of nominal economy growth per capita (GDP per capita PPP), Georgia moved up to second place in the world in 2024. According to the IMF, the growth rate exceeded 13.3%. It is noteworthy that Georgia also took second place with a 12-year improvement in this indicator. Compared to 2012, the nominal economy per capita in Georgia increased by 173% and exceeded 28,258 international dollars in 2024. It is particularly noteworthy that Georgia has entered the top three of the 21st century with its historical progress in this indicator. According to the IMF, in the first quarter of the 21st century, the nominal purchasing power parity per capita in Georgia will increase by 793% and will equal 30,749 international dollars in 2025. Georgia will maintain such leading position for the next 5 years and in 2030 will be in the top three of the 21st century with a 30-year growth rate. Nominal GDP per capita will exceed 43,434 international dollars in 2030.

According to the Fund's estimates, Georgia's nominal economy in purchasing power parity (GDP PPP, current prices) has already become a 12-digit value in 2024, exceeding 104 billion 403 million dollars and for the first time in history overtaking Luxembourg, whose economy in 2024 amounted to 100 billion 527 million dollars. Since 2024, Georgia has had a larger economy in purchasing power parity than 6 countries of the European Union and the Schengen zone: Luxembourg, Latvia, Estonia, Cyprus, Malta and Iceland. By 2029, Georgia's gross domestic product in purchasing power parity will exceed 149 billion international dollars, overtaking Slovenia for the first time, whose economy will grow to 147 billion by 2029. In 2030, Georgia's nominal purchasing power parity economy will reach 159 billion 758 million international dollars, an increase of 41% compared to 2025. In 2030, Georgia will have a larger nominal purchasing power parity economy than 7 countries of the European Union and the Schengen zone: Luxembourg, Slovenia, Iceland, Malta, Cyprus, Latvia and Estonia,” Kobakhidze writes.