World Bank projects 4.6% economic growth in Georgia in 2019

World Bank projects 4.6% economic growth in Georgia in 2019

The World Bank forecasts 4.6% economic growth in Georgia in 2019, 4.8% in 2020 and 5% in 2021, shows the Europe and Central Asia Economic Update of the World Bank.

As for Georgia’s neighbouring countries, Armenia will experience 4.2% economic growth, Azerbaijan – 3.3% growth, Russia – 1.4% growth and Turkey – 1% growth.


Another report of the World Bank which was published in January 2019 said that the Georgian economy would grow 5% in 2019, 5% in 2020 and again 5% in 2021.

Asian Development Bank has also published its economic forecast recently, which said that the Georgian economy will grow by 5% in 2019 and by 4.9% in 2020.

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