Issue 149: Household Income and Poverty in Georgia (2019 – 2023)
Our latest publication analyzes Household Income and Poverty in Georgia (2019 – 2023):
- From 2019 to 2023, Georgia’s nominal median household income grew at a compound annual growth rate (CAGR) of 11%, while real median household income, adjusted for inflation, increased at a CAGR of 4% annually.
- During this period, social transfers accounted for an average of 58% of the total income for the poorest 20% of households, highlighting their strong reliance on government assistance.
- Between 2020 and 2023, absolute poverty significantly decreased from 21.3% to 11.8%, while the relative poverty rate remained relatively stable, dropping by just 0.3 percentage points to 19.8%.
- The share of households reporting themselves as “poor” or “extremely poor” decreased slightly from 39.7% to 35.4% over the analyzed period, suggesting a persistent gap between subjective and objective measures of poverty.
