27.May .2022 16:00

How Rich Is Georgia Compared To Other Post-Soviet Countries?

How Rich Is Georgia Compared To Other Post-Soviet Countries?
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Georgia won independence from the Soviet Union 31 years ago.

According to the International Monetary Fund, the richest post-Soviet country as of 2022 is Estonia, with a per capita GDP of USD 27,971. Georgia is five times poorer than Estonia, with a GDP per capita of USD 5,618.

As of the report, Georgia is richer compared to 6 post-Soviet countries: Ukraine, Armenia, Kyrgyzstan, Moldova, Tajikistan and Uzbekistan. The poorest post-Soviet country is Tajikistan, with a per capita GDP of USD 795. The difference between Estonia and Tajikistan is more than USD 27,100.

From 2013 to 2019 (before the pandemic), the Georgian economy was growing at an average of 4% per year. At this rate of economic growth, Georgia will reach the level of Estonia per capita in 41 years. With a 5% increase in 33 years.

The IMF does not make a prediction on Ukraine's GDP per capita for 2022. But as of 2021, Ukraine's GDP per capita was USD 4,828. In the same year, Georgia's GDP per capita was USD 190 higher than in Ukraine. By 2022, Azerbaijan's GDP per capita is projected at USD 7,165, while Armenia's GDP per capita is projected at USD 4,741.