Georgian Dream: IMF Forecast Shows Georgia Will Be Among Top Three World Economies by Growth in 2031

According to information disseminated by Georgian Dream, under the International Monetary Fund's forecast, Georgia will enter the top three in the world and take first place in Eurasia in 2031 in terms of real and purchasing-power economic well-being, measured by both 10-year and 20-year progress. The party said that, based on progress made since 2012, the country is already in the world's top three in 2026 and is the sole leader in Eurasia.

The information notes that the International Monetary Fund published long-term forecasts for the world economy for 2031. Economic well-being is measured by real and purchasing-power gross domestic product per capita.

According to the Fund's assessment, Georgia's real economy per capita will grow by 85% in 2022-2031 and by 185% in 2012-2031. GDP per capita based on purchasing power parity (GDP per capita PPP) will increase 2.5 times and 5 times, respectively, over the same periods.

According to Georgian Dream, growth over the 14-year period after 2012 exceeds 215%. In 2026, Georgia's economy per capita based on purchasing power parity will reach a new historic maximum of 32,661 international dollars, and in 2031 it will become 46,848 international dollars.

According to the Fund's assessment, Georgia's nominal economic growth rate in US dollars will be double-digit in 2026, equaling 15.8%, and GDP per capita will exceed 11,234 dollars. In 2027 this indicator will reach 12,538 dollars, in 2028 it will exceed 13,694 dollars, in 2029 it will be 14,975 dollars, in 2030 it will be over 16,383 dollars, and in 2031 it will be 17,923 dollars.

Explaining the party's position, this means that the prospect of gaining high-income country status will open for Georgia from 2028. According to the Fund's forecast, the average nominal economic growth rate in US dollars for 2026-2031 will be 10.7%.