BAKU, Azerbaijan, January 8. Georgia’s annual GDP growth is projected to average 5.2% between 2026 and 2030.
Data obtained by TurkicWorld 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.
