World Bank says 2022 Georgian unemployment rate lowest in 20 years

Unemployment in Georgia was at its lowest rate in 20 years in 2022, the World Bank has said in its highlighting of statistics showing last year’s figure in the country at 11.3 percent.

The numbers, sourced from the International Labour Organisation’s database, also showed the unemployment rate went down 0.9 percent last year compared to 2021.

They also contrast the 19.6 percent unemployment figure from 2012 - leading to a figure of 324,000 unemployed individuals - to 175,000 in 2022.

Last week’s data from the National Statistics Office of Georgia showed the unemployment rate decreased by 1.4 percent in the first quarter of 2023 year-on-year and equalled 18 percent across the country.

The Office also said the number of hired employees had increased by 5.6 percent and reached 863,500 individuals, while the number of self-employed had risen by 6.6 percent and equalled 407,700 people.