The Ministry of Economy of Georgia reported that the country had a record-breaking low unemployment rate in 2024, marking a 2.5% drop to 13.9%. In other words, the number of unemployed individuals decreased by 34,700, totaling 227,000.
Naturally, the employment rate also hit a historic high, with an increase of 67,900, marking the overall employed population as 1.4 million. In conclusion, the employment rate grew by 2.6% to 47.1%.
“Over the past three years, we have observed a stable decline in unemployment and a growth in job opportunities. Compared to 2021, the unemployment rate has dropped by 6.7%, while the number of employed individuals has increased by 185,000,” the Ministry officially stated.
The workforce composition stands at 40,000 hired employees, while the self-employed sector grew by 27,900 individuals, totaling 441,500.
