Georgian PM highlights economic growth, doubling of nominal GDP, regional hub ambitions in interview with Gulf News

Georgian Prime Minister Irakli Kobakhidze on Wednesday emphasised the country’s robust economic progress, including a doubling of nominal GDP and the creation of 190,000 jobs over three years, while underscoring his Government’s commitment to enhancing the country’s role as a regional economic hub through strengthened international partnerships.

In his interview with the UAE publication Gulf News, Kobakhidze outlined significant strides in economic development, noting a near doubling of per capita GDP from USD 4,250 in 2020 to USD 9,000 in 2024 and the addition of 190,000 jobs in a nation of 3.7 million.

“Over the past four years, we have more than doubled our nominal GDP. In 2020, GDP per capita stood at approximately USD 4,250, and by 2024, it had risen to around USD 9,000. We are committed to sustaining this positive economic trajectory. This growth is positively impacting the social conditions of our citizens too, with the number of employed individuals consistently increasing. In the last three years, we have improved employment rates by creating 190,000 new jobs overall. In a country like Georgia, with a population of 3.7 million, it reflects a positive trend in terms of employment”, the PM said.

The Prime Minister further highlighted economic growth as a core priority alongside efforts to bolster Georgia’s international standing and foster regional cooperation, positioning the country as a vital connective hub.

“Economic development is one of the key priorities, but we have other priorities to focus on as well, such as strengthening Georgia's international position and Georgian partnerships. We are conducting many visits to our neighbours and the broader region. [...] These visits all contribute to strengthening economic cooperation and enhancing Georgia's role as a connectivity hub between countries”, Kobakhidze concluded.