World Bank: Georgia to rank second in world for 5-year GDP per capita growth in 2024

Georgia is expected to rank second in the world in terms of five-year growth of the real gross domestic product per capita this year and claim the top spot in the Eastern Hemisphere, according to the latest Global Prosperity Data report by the World Bank.

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

Specifically, the country’s GDP per capita is projected to grow by 30.3 percent over a five-year period this year, and 37 percent in 2025.

Looking ahead to 2026, the report anticipates a 44 percent increase in the real GDP per capita over a seven-year period, again placing the country in the second position globally and first in the Eastern Hemisphere.

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