The Acting Prime Minister of Georgia highlighted the country’s “impressive” economic growth over the past 4 years at Parliament’s plenary session, presented “ambitious goals” for economy to exceed USD 36,000 per capita by 2028.

Pointing to “economic turmoil” of 2012, before the victory in that year’s elections, when he said the country’s gross domestic product had been a “mere GEL 28 billion”, Irakli Kobakhidze noted the economy had since rebounded, growing to USD 50 billion by 2020.

“Despite facing two regional and global crises during this period, we managed to grow the country’s economy significantly. Since 2021, the GDP has surged from GEL 50 billion to GEL 90 billion, which is a great result. Over the next 4 years, we aim to achieve an ambitious goal: we want the country’s economy to exceed GEL 130 billion. This means the economy should grow by at least GEL 40 billion, which is a realistic target. We are accountable to the Georgian public for achieving this goal”, - said Irakli Kobakhidze.

He also highlighted the upward shift in Georgia’s purchasing power parity, noting that in 2012, the country ranked at around USD 10,000 per capita, placing it outside the top 100 nations: “We have moved up to 77th place in this year"s rankings, indicating that our economy is growing at a much faster rate than other countries’. This year, our economy is expected to exceed USD 25,000 in purchasing power per capita”.