Recently, KARI(Korea Aerospace Research Institute, Korea) and CIAM(Central Institute of Aviation Motors, Russia) have made an effort in developing a centrifugal compressor for a small gas turbine engine as part of a collaboration program. This compressor has been designed as a sub-component for an axial-centrifugal compression system for a small turbo-shaft engine aiming adiabatic efficiency higher than 0.81. The geometrical design requirement imposes restrictions to have high inlet hub-to-tip ratio and inlet swirl flow. In this study, the compressor has been designed using the generalized experimental data established from those compressors having pressure ratio of 3.7 to 5. From this generalized empirical correlation, desirable values of design parameters could be obtained. Subsequently, quasi-3D and 3D viscous flow analyses have been performed to ensure the adopted methodology. It is expected that the centrifugal compressor provides total pressure ratio of 4.89, corrected mass flow-rate of 1.64kg/sec, and adiabatic efficiency of 0.815 with inlet hub-to-tip ratio of 0.641. These relatively high total pressure ratio and inlet hub-to-tip ratio are the main distinctive features in this design. Besides, one of the main features of this centrifugal compressor is the adoption of a double-row bladed diffuser to effectively decelerate the transonic flow leaving the impeller. The compressor has been manufactured and will be tested in the near future.