BAKU, Azerbaijan, January 8. Georgia’s annual
GDP growth is projected to average 5.2% between 2026 and 2030.
Data obtained by Trend from the Centre for Economics and Business
Research (CEBR) shows that for the period from 2031 to 2040, the
average growth rate is expected to hold steady at 5.2% per
year.
Analysts anticipate that Georgia will climb the World Economic
League Table over the same period, rising from 106th place in 2025
to 97th by 2040, marking a nine-place improvement.
As of 2025, Georgia’s PPP-adjusted GDP per capita is estimated
at $31,090, placing the country in the upper-middle-income
category. After a robust expansion of 9.4% in 2024, growth is
expected to moderate to 7.53% in 2025. This brings the average
annual growth between 2023 and 2025 well above the 4.7% seen in the
five years leading up to 2019.
Inflation remains moderate, with consumer prices projected to
rise 3.9% in 2025, matching the average rate observed before
2019.
Public finances are in good condition, with government debt
expected to decline to 34.2% of GDP in 2025 from 36.1% in 2024. The
fiscal deficit is forecast at 2.3% of GDP, providing room for
potential fiscal measures to support growth amid economic
uncertainties.
Georgia’s GDP in current prices is estimated at $38 billion in
2025, with a GDP per capita of $10,181. By 2040, GDP is projected
to reach $102 billion, while per capita income rises to
$27,856.
Meanwhile, Prime Minister Irakli Kobakhidze announced earlier
that Georgia’s economy is on the upswing, ready to break the $37
billion barrier in 2025 for the first time, with nominal GDP per
capita climbing over the $10,000 mark.
