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The World Bank Moved Georgia in the Category of Upper-Middle Income Countries

The World Bank Moved Georgia in the Category of Upper-Middle Income Countries

The World Bank moved Georgia from lower-middle to upper-middle income country.

The MP has noted about it at the government session and declared, that the country did not have such success through the last 15 years.

“Georgia did not have progress in this classification through the last 15 years. This important for our country’s international investment image in order to grow country’s awareness”, – the MP declares.

According to the MP,  the World Bank has raised Georgia’s position in a global income ranking to reflect the increase in the average income of Georgian citizens. It should be noted, that General National Income (GNI) has been 30.821 billion GEL in 2015, which means that the index on per capita is 8299 GEL ($3655).