The International Monetary Fund [IMF] has released its long-term global economic outlook through 2030, marking a historic moment for Georgia.

For the 1st time in its history, Georgia ranks among the top-3 countries of the 21st century in terms of per capita real and purchasing power parity economic growth.

“Georgia ranks among the top-3 countries in the 21st century in 3 categories of economic growth forecast.

Real GDP per capita growth rate
GDP per capita growth rate by Purchasing Power Parity [PPP]
GDP per capita growth rate at constant prices by Purchasing Power Parity [PPP]

Georgia’s economy grew by 10.7% per capita in 2024, placing it 2nd globally behind Guyana. Over the 1st quarter of the 21st century, Georgia has achieved a historic progression in real per capita economic growth, securing its spot in the world’s top-3.

The IMF projects that Guyana will lead with an over 876% increase in real GDP per capita during this 25-year period, followed by China at 513%, and Georgia ranking third with a projected 370% increase in its real per capita economy”.

The IMF forecasts that Georgia will sustain this leading position through 2030, with a 30-year real per capita economic growth exceeding 500%, placing it 3rd globally for this longer timeframe.

“In terms of nominal GDP per capita based on purchasing power parity, Georgia also ranks second globally in 2024, with a growth rate surpassing 13.3%.

Compared to 2012, this metric has surged by 173%, reaching over USD 28,258 international dollars in 2024. The IMF projects further growth to USD 30,749 in 2025 and over USD 43,434 by 2030. These figures secure Georgia’s position among the top-3 globally in both annual and long-term growth for this indicator.

Georgia’s nominal economy by PPP crossed the $100 billion threshold in 2024 for the first time, reaching USD 104.4 billion, overtaking Luxembourg’s economy, which stood at USD 100.5 billion. With this milestone, Georgia now boasts a larger PPP economy than 6 EU and Schengen countries: Luxembourg, Latvia, Estonia, Cyprus, Malta, and Iceland.

By 2029, Georgia’s GDP by PPP is forecast to reach USD 149 billion, surpassing Slovenia.

By 2030, it will rise further to USD 159.8 billion, representing a 41% increase compared to 2025. At that point, Georgia’s PPP-based economy will outsize those of 7 EU and Schengen nations: Luxembourg, Slovenia, Iceland, Malta, Cyprus, Latvia and Estonia”.