“In economic terms, we have achieved significant progress, especially over the past four years, and we have an ambitious goal for the next four. By 2028, we aim for the country’s economy to exceed $36,000 per capita,” said Irakli Kobakhidze, candidate for Prime Minister of Georgia, during his speech at the Parliamentary plenary session.

Kobakhidze highlighted that in 2012, the country’s economy was in a challenging state, with a gross domestic product (GDP) of less than 28 billion GEL. By 2020, the economy had grown to 50 billion GEL.

“The economy is a key driver of the country’s development and an essential indicator of progress. In economic terms, we’ve made significant strides, especially in the last four years. In 2012, the situation was dire, with our GDP under 28 billion GEL. By 2020, despite two regional and global crises, we grew the economy to 50 billion GEL. The past four years have been particularly successful. Since 2021, we’ve added 40 billion GEL to the GDP, growing from 50 billion GEL to 90 billion GEL. This is a major achievement. Looking ahead, we aim to raise the economy to over 130 billion GEL in the next four years, which is an entirely achievable target, and we are accountable to Georgian society for reaching it,” he said.

Kobakhidze also emphasized the importance of purchasing power parity (PPP) in evaluating the economy’s growth.

“In 2012, Georgia’s economy was about $10,000 per capita in terms of PPP, and we weren’t even in the top 100 countries. Today, we are ranked 77th, which reflects not just growth, but faster progress compared to other nations. This year, our economy will surpass $25,000 per capita in PPP. Our target for the next four years is for the economy to exceed $36,000 per capita by 2028.”

Kobakhidze compared Georgia’s progress to that of France, which, in 2012, was four times ahead of Georgia in terms of purchasing power. He noted that while the gap has significantly narrowed, it now stands at 2.5 times. By 2028, the difference is expected to be less than double.

“This means our economy is not only growing but is doing so at a much faster pace than other countries, enabling us to gradually catch up with even the world’s leading economies. Maintaining this momentum is our goal,” he concluded.