17/01/2025
11:41
Economic
The United Nations and the World Bank have both released reports and forecasts regarding the global economic situation.
According to the United Nations' World Economic Situation and Prospects report for 2025, Georgia is projected to rank second globally in terms of real economic growth in 2024, and first in the Eastern Hemisphere. The report estimates Georgia's economic growth rate for 2024 will reach 8.6%, placing it second worldwide, only behind Guyana, a Caribbean nation whose economy is expected to grow by 31.9% in 2024 due to the discovery and exploitation of substantial mineral reserves. In comparison, Georgia’s economy is forecasted to grow by 5.4% in 2025. The country is also expected to maintain a low inflation rate, which will be 2.3% in 2025, and decrease further to 1.9% in 2026.
The UN report highlights Georgia’s strong economic expansion, driven by continued growth in sectors such as construction, intermediate trade, and international tourism.
The World Bank's Global Economic Prospects 2025 report offers an even more optimistic outlook, predicting a 9% growth rate for Georgia’s economy in 2024, followed by 6% in 2025 and 5% in 2026. These figures position Georgia as the leader in the Europe and Central Asia region.
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