Accumulation of liquids in gas-condensate reservoirs may lead to a vertical flow of liquid caused by density difference in the presence of gravity. In this paper, the effect of this vertical flow on the prediction of production data has been investigated. To achieve this goal, a single-layer synthetic cylindrical reservoir is considered and, the flows are simulated with and without vertical direction grid blocks with two lean and rich fluids. The governing equations of the so-called Modified Black-Oil (MBO) model are solved in a cylinder sector using the open-source Matlab Reservoir Simulation Toolbox (MRST). When the vertical flow is taken into consideration, the results show that gravity may lead to migration of liquid condensates to lower regions and the production rates decrease as a consequence of wellbore partially blockage especially for the rich fluid. In addition, gravity may cause a non-linear effect on the flow behavior and increase in the condensates production rates. All results are also obtained for three values of critical liquid condensate saturation to show the effect of this parameter on the production. It has been shown that neglecting the vertical flow may cause significant errors in the result of production, i.e. up to 25% when the fluid is rich and the critical condensate saturation is 0.15. To generalize the effect of the reservoir thickness, dimensional analysis is carried out which yields a similarity parameter. The findings of this study can help for a better understanding of near well flow in gas-condensate reservoirs. Based on this study, in applications in which the reservoir gas is rich in condensate and the thickness of the reservoir layer or the vertical permeability is high enough, it is recommended that the gravity effect is taken into account by enough grid points in the vertical direction in each layer.