The International Monetary Fund (IMF) has unveiled long-term forecasts for the global economy through 2030.

As the Georgian Dream party reported, for the first time in history, the IMF assessment positions Georgia in the top three of the 21st century for both real economic growth per capita and growth in purchasing power parity. This leadership is expected to continue through 2030.

Georgia excels in three areas of economic growth forecasts: real GDP growth rate per capita, GDP growth per capita according to purchasing power parity (PPP), and GDP per capita growth rate based on constant prices.

Progress since 2012:

Since 2012, Georgia has ranked among the world’s top three for 12-year growth in purchasing power economic per capita and is projected to maintain this status until 2030, resulting in 18 years of progress. In terms of real economic growth per capita, Georgia is currently in the top five globally and is anticipated to break into the top three by 2028 due to sustained gains since 2012.

According to the IMF, Georgia’s per capita economic growth is projected to reach 10.7 per cent in 2024, ranking it second in the world, just behind Guyana. Over the first quarter of the 21st century, Guyana’s real GDP per capita is expected to grow by an astounding 876 per cent, followed by China at 513 per cent and Georgia at 370 per cent. Notably, the IMF indicates that Georgia will retain this leadership through 2030, with a projected 30-year real economic per capita growth exceeding 500 per cent.

In terms of purchasing power parity per capita, Georgia is set to rank second worldwide in nominal economic growth by 2024, with growth exceeding 13.3 per cent. Since 2012, the nominal purchasing power of Georgia’s economy per capita has risen by 173 per cent, surpassing 28,258 international dollars. Remarkably, Georgia also ranks among the top three in the 21st century for historical progress in this indicator. By 2025, Georgia’s nominal purchasing power per capita is expected to increase by 793 per cent, reaching 30,749 international dollars, and maintain these leadership standings through 2030, with nominal GDP per capita projected to exceed 43,434 international dollars.

The IMF assessment indicates that Georgia’s nominal economy, measured in purchasing power parity (PPP) at current prices, has surpassed 104 billion 403 million dollars in 2024, marking, for the first time, a figure larger than Luxembourg’s economy, which amounts to 100 billion 527 million dollars. Since then, Georgia has outpaced six countries in the European Union and Schengen Area—Luxembourg, Latvia, Estonia, Cyprus, Malta, and Iceland— in terms of purchasing power parity. By 2029, Georgia’s GDP according to PPP is forecasted to exceed 149 billion international dollars, overtaking Slovenia’s economy, projected to reach about 147 billion. By 2030, Georgia’s nominal purchasing power economy is estimated to reach 159 billion 758 million international dollars, reflecting an increase of 41 per cent compared to 2025. In doing so, Georgia will surpass seven EU and Schengen Area countries—Luxembourg, Slovenia, Iceland, Malta, Cyprus, Latvia, and Estonia— in nominal purchasing power,” the report released by the Georgian Dream party reads.