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Unemployment Rate in Georgia Up 2.1% in 2021

by Georgia Today
May 18, 2022
in Business & Economy, Highlights, Social & Society
Reading Time: 1min read
Unemployment Rate in Georgia Up 2.1% in 2021

The unemployment rate in Georgia increased by 2.1 % in 2021 compared to the previous year and reached 20.6% across the country, reads the report by the National Statistics Office of Georgia (Geostat).

In 2021, the share of hired employees was 68.2% among employed persons, which is 0.1 percentage points higher than the previous year.

“In urban areas, the unemployment rate increased by 1.9% year-on-year, while in rural areas it went up by 2.4%. The biggest rise in the unemployment rate was observed in Tbilisi, Samtskhe-Javakheti and Imereti regions,” Geostat said.

“In 2021, compared to the previous year, this indicator increased by 1.6 percentage points for women and by 2.5 percentage points for men,” reads the report.

Figures have shown higher unemployment rates among men compared to the statistics for women. The highest rate of unemployment was observed in the 15-19 age group (52.2%), while the indicator has traditionally been lowest in the 65+ age group (6%) due to the “low activity” of the population in this age group.

The labor force participation rate is higher for men than for women. In 2021 the indicator for women was 40.5% and for men – 62.9%. The labor force participation rate for women increased by 0.1, while that increased by 0.9 percentage points for men, compared to the previous year.

By Ana Dumbadze

Tags: Geostat statisticsUnemployment Rate in Georgia
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