Georgia ranks 9th worldwide in terms of economic growth

Georgia ranks 9th worldwide in terms of economic growth - IMF

18/10/2022

19:00

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The International Monetary Fund has updated the world economic forecasts, which include information about Georgia. According to the IMF estimates, 8.98% economic growth is expected in 2022 in Georgia. The IMF expects higher economic growth in only eight countries.

The IMF economic growth forecast for 2022 in top 10 countries:

1. Guyana - 57.8%

2. Fiji - 12.5%

3. Seychelles - 10.9%

4. Barbados - 10.5%

5. Saint Kitts and Nevis - 9.8%

6. Iraq - 9.3%

7. Saint Lucia - 9.1%

8. Ireland - 9.0%

9. Georgia - 8.98%

10. Maldives - 8.7%

Among the neighboring countries of Georgia, the economy of Armenia will grow the most in 2022 - by 7%. According to this indicator, Armenia ranks 19th in the world. The economy of Azerbaijan will grow by 3.7%, and Turkey’s - by 5%.

Russian economy will shrink by 3.4%. According to the IMF forecast, the economy of 13 countries will decrease in 2022, among them, the economy of Ukraine will decrease the most - by 35%. Libya's economy will decrease by 19%, and Sri Lanka's - by 9%.

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