Issue 118: Employment and Income in Georgia (2016-2019)

Unemployment has remained one of the prioritised issues in Georgian economy since its independence. Moreover, Georgian economy was characterised with high unemployment rates even during periods of economic upturn prior to 2008 global financial crisis. COVID-19 is likely to impact job market and income of people employed, therefore, it is important to consider their pre-pandemic state. This bulletin overviews the unemployment and income figures of 2016-2019. The period of 2016-2019 is characterised with significant trends and issues such as: 

• Growth in average monthly incomes;
• Slight decrease in unemployment rate;
• Increased share of hired individuals in labor force;
• Slight decrease of share of self-employed individuals in labor force.