Georgia is expected to rank 2nd in the world in terms of 5-year growth of the real gross domestic product per capita in 2024, claim the top spot in the Eastern Hemisphere, reads the latest Global Prosperity Data report by the World Bank.

The mentioned report predicts Georgia will maintain its leading positions for 3 consecutive years by improving its well-being indicators compared to the pre-COVID period.

In particular, the country’s GDP per capita is projected to grow by 30.3% over a 5-year period this year, and 37% in 2025.

Looking ahead to 2026, the report anticipates a 44% increase in the real GDP per capita over a 7-year period, again placing Georgia in the 2nd position globally and 1st in the Eastern Hemisphere.

The World Bank projected the Georgian economy to grow 5.2% in 2024 in its June edition of the Global Economic Prospects report.