Deputy Economy Minister: Georgia showing “best results” in updated IMF forecast

Georgian Deputy Finance Minister Mikheil Dundua on Wednesday said the country had showed “best results” among 193 countries in four “important indicators” in the updated 2022-2028 assessment and long-term forecast of the International Monetary Fund.

Dundua said Georgia ranked second in the world in the study on Tuesday, while also placing first in Eurasia, Africa, Australia, and Oceania with the following projections:

• The real gross domestic product per capita in Georgia is set to increase by 51 percent between 2022-2028 
• GDP per capita will cross the $21,922 mark this year and exceed $31,458 by 2028
• GDP per capita at constant prices hit $17,145 last year and is expected to exceed $23,315 by 2028

Dundua also said Georgia ranked second in the world and first in the Eastern Hemisphere in terms of the growth rate of GDP per capita in US dollars between 2021-2028.

He added the results validated the Government’s economic policy, while its current and planned infrastructure projects of “international importance” provided a “solid basis” for the country to develop the economy from a “leading position”.