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Geostat: Poverty Reduced in Georgia

by Georgia Today
May 27, 2022
in Business & Economy, Highlights, Social & Society
Reading Time: 1 min read
Geostat: Poverty Reduced in Georgia

The National Statistics Office of Georgia reports that in 2021, the share of the population below the absolute poverty line in Georgia (absolute poverty rate) decreased by 3.8 percentage points compared to the same period of the previous year and amounted to 17.5%.

Based on the same source, in 2021, the absolute poverty rate in urban type settlements decreased by 2.1 percentage points and amounted to 15.0%, while in rural type settlements it decreased by 6.3 percentage points and amounted to 21.3%.

In 2021, the absolute poverty rate decreased compared to the previous year in all age groups of the population. Particularly, the indicator was 22.7% in the age group under 18 years (-3.7 percentage points), in the 18-64 age group – 17.3% (-3.9 percentage points), and in the age group 65 and older – 11.9% (-3.5 percentage points). Absolute poverty rates for both women and men fell by 3.8 percentage points and amounted to 17.1 and 17.9%, respectively.

In 2021, the share of the population under 60% of the median consumption decreased by 0.8 percentage points and amounted to 18.9%, while the share of the population under 40% of median consumption increased by 0.4 percentage points and amounted to 7.4%, said Geostat.

In 2021, the value of the Gini coefficient in terms of total incomes has not changed compared to the previous year and is at the level of 0.37. Also, the value of the Gini coefficient in terms of total cash inflows has not changed and is at the level of 0.39. The Gini coefficient is reduced from 0.36 to 0.34 in terms of total consumption expenditures, while it remains unchanged in terms of total cash expenditures and stands at 0.42.

Source: Geostat 

Tags: Geostat statisticsGeostat: Poverty Reduced in GeorgiaPoverty in Georgia
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