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Georgia’s Perspectives for 40 Years by 5.1% Economic Growth

Georgia’s real economic growth is expected to hit 5.1% this year. According to the 2013 IMF indicators, Georgia ranks 114th in terms of GDP per capita. How long will it take to reach the current indicators of these?

If Georgia maintains a 5.1% growth, in 2015 we will catch up with Ukraine’s current economic level in 2015 (It should also be noted Ukraine’s economy is falling because of current military and political unrest).  By 2020 Georgia will reach Macedonia’s indicators. Georgia will overtake China in 2027, Azerbaijan in 2029, Turkey in 2035, Russian in 2042, Lithuania in 2043, Czech Republic in 2046 and Estonia, Greece in 2050 Greece, South Korea in 0253. Georgia will repeat the average EU indicator in 2059, that is, in 45 years.

Year Countries Georgia will Catch up by a 5.1% Economic Growth
2014 Guyana, Cabo Verde
2015 Ukraine, Salvador
2016 Samoa, Timor, Mongolia
2017 Tunis, Paraguay
2018 Fiji, Tonga, Albania
2019 Iran, Bosnia, Belize
2020 Macedonia
2021 Jordan, Jamaica
2022 Algeria
2023 Serbia, Dominican Republic Thailand, Namibia
2024
2025 Angola, Ecuador
2026 Maldives, South Africa, Iraq, Peru, Saint-Vincent
2027 Turkmenistan, Botswana, Montenegro, Dominica, China
2028 Belarus, Bulgaria, Venezuela
2029 Azerbaijan, Saint-Lucia , Granada
2030 Columbia
2031
2032 Surinam, Mauritania, Romania
2033
2034 Lebanon
2035 Turkey, Libya, Costa-Rica, Mexico, Malaysia
2036 Brazil, Panama
2037
2038 Gabon
2039
2040 Antigua and Barbuda, Kazakhstan, Poland, Croatia, Hungary
2041 Palau
2042 Latvia, Barbados, Seychelles, Argentina, Russia
2043 Chile, Lithuania
2044 Uruguay
2045
2046 Czech Republic, Estonia
2047
2048 Slovakia
2049 Oman, Portugal, Taiwan, Trinidad and Tobago
2050 Greece
2051 Bahamas, Slovenia, Malta
2052 Saudi Arabia, Cyprus
2053 South Korea