Georgian PM says number of unemployed down by 50,600
Georgian Prime Minister Irakli Kobakhidze on Monday said the number of unemployed individuals in the country had decreased by 50,600 people, down to 228,600. Photo: Gov't Administration
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Georgian Prime Minister Irakli Kobakhidze on Monday said the number of unemployed individuals in the country had decreased by 50,600 people, down to 228,600.
Kobakhidze claimed “positive dynamics” in employment indicators, citing data published by the National Statistics Office.
He also said unemployment in the first quarter had dropped to 14 percent, from 18 percent in the same period of 2023.
The Government head added the number of employed individuals had increased by 89,400, to a total of 953,000, marking a 10.4 percent increase, while the figure for the self-employed had also grown by 40,500, to approximately 448,000.
He stressed the importance of maintaining the “positive” momentum, noting “strong” economic growth “directly contributes to improved employment indicators and a reduction in unemployment”.
Georgia has been ranked ninth among the top 10 countries in the world with the highest percentage decrease in unemployment over the last 12 years in the World Economic Review by the International Monetary Fund.
Unemployment rate in Georgia decreased by 0.7 percentage points in the fourth quarter of 2023 year-on-year and equalled 15.3 percent across the country, the National Statistics Office said on Monday.
Georgian Economy Minister Levan Davitashvili on Monday said the country’s economic growth forecast was “positive” in the medium term and the domestic economy was set to become “one of the fastest-growing” in Europe and the wider region.
Georgian Economy Minister Levan Davitashvili on Friday said the “high growth” of the domestic economy was an “important factor” for ensuring more economic activity of women.