Georgian Deputy Finance Minister: Georgia’s growth trajectory points to high-income status by 2030

Georgia is on track to become a high-income country by 2030, based on its economic growth and forecasts from institutions such as the International Monetary Fund (IMF), Deputy Finance Minister Mikheil Dundua said on Sunday.

In an interview with Imedi TV, Dundua also addressed the fact that Georgia outperforms Ukraine and Moldova across all indicators, stressing that the country not only leads the two in various areas but also stands out in the region and across Europe for its economic growth.

“We have launched processes that have marked a significant turning point in accelerating economic growth and reducing poverty. They have also paved the way for Georgia to gradually improve its economic standing and become a high-income country. The growth rates the country is demonstrating, together with forecasts from institutions such as the International Monetary Fund, clearly indicate that we can confidently say Georgia will become a high-income country by 2030. This means entering a new stage of prosperity. Work is being carried out year after year to achieve this goal”, he said.

Dundua added that Georgia’s economy was expected to become a net-surplus economy by 2030, noting that the current account deficit was narrowing year by year. He said the trend would ultimately help the country achieve economic self-sufficiency.