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Armenia to surpass Azerbaijan and Georgia by GDP per capita. IMF

Armenian GDP per capita has surpassed that of Georgia and is projected to surpass Azerbaijan for the first time since 2005, according to IMF data. More importantly, the growth is projected to continue for the next 4-5 years according to IMF.

In 2019 GDP per capita in Armenia was equal to $ 4527.592 (current prices, USD), while that of Georgia was worth $4289.322 and Azerbaijan — $4689.378. The projection for 2020 says Armenian GDP per capita will grow to $4759.2, overtaking Azerbaijan.

GPD (current prices) in USD in Armenia, Azerbaijan, Georgia

Meanwhile, Armenia’s GDP still is still lagging behind Azerbaijan and even Georgia, according to IMF data. At $13.4 billion USD Armenia’s GDP is 3.5 times smaller than that of Azerbaijan’s $47.1 billion and about $2.4 billion USD less than that of Georgia’s $15.9 billion.

As far as I’m concerned, the good news is that GDP in Armenia will continue to grow according to IMF. And if Pashinia’s full year in power (2019) is any indicator, this growth will actually translate into good roads and infrastructure, better medicaid and higher pensions for Armenian citizens, instead of going into the pockets of a bunch of corrupt officials, as was the habit during the previous regimes.

By Artur Papyan

Journalist, blogger, digital security and media consultant