The Unemployment Rate in Georgia Reached the Lowest Point for the Last 15 Years
The annual unemployment rate in Georgia equaled 12.7% in the fourth quarter (Q4) of 2018.
It is worth mentioning that Georgia reached the lowest unemployment rate since 2003. The decrease of the unemployment rate in Georgia has been in trend for the last nine years.
In Q4 of 2018, the economically active population constituted 63.6% of the working population (population of 15 years and older).
The employment percentage has decreased by 0.2% in Georgia’s urban areas compared to the last year. In comparison, in rural areas the percentage has been reduced by 1.3%.
National Statistics Office of Georgia (Geostat)
Compared to the previous quarter the economic activity rate in rural settlements decreased by 1.6 percentage points, while in urban settlements remained unchanged.
The share of self-employed people was 48.7% in the total employment data in Q4, said Geostat.
The unemployment rate in Georgia is higher among men (by 2.6 percentage points) than among women (Georgia reached lowest unemployment rate reached for the last 15 years, agenda.ge, (Feb. 19, 2019) (in English)).