Unemployment below 4% and average salary above 3,500 GEL by 2028 are the programmatic goals

As Prime Minister Irakli Kobakhidze said during a government meeting, elimination of poverty once and for all and economic growth are key national goals. The programmatic goal is to reduce unemployment below 4% and to raise the average salary above 3,500 GEL by 2028.
As Kobakhidze said, continuation of Georgia’s economic development is very important, as the country is a leader not only in the broader region but also across Europe in terms of economic growth.
The Prime Minister reported that the economic growth in April was 7.5%. Meanwhile, the average growth for the first four months was 8.8%, what makes Georgia one of the frontrunners in terms of economic growth, both regionally and Europe-wide. So, the goal is to maintain this pace of development.
The increase of the number of employed persons in Georgia between 2022 and 2024, over a span of three years, was 185,000, and the growth of the average salary was 917 GEL. Undoubtedly, a broad segment of the population feels the country’s economic growth, and it is necessary to keep moving forward at this pace. Economic growth is the key factor to eliminating poverty which is one of the primary national goals. To achieve that, it needs to ensure continued rapid economic development.
The targets of the government are very clear: the programmatic goal is to bring unemployment below 4% and to raise the average salary above 3,500 GEL by 2028. Fully accepting the responsibility, they expect to achieve them at the current pace.
Meanwhile, GeoStat published new data concerning poverty for 2024. They reported the poverty rate at 11.8% in 2023. In 2024, it decreased by 2.4 percentage points and achieved a single-digit figure of 9.4% for the first time since the 1990s. Kobakhidze reminded that in 2012, when Georgian Dream came into power, more than 1.1 million people in Georgia were living below the poverty line. Today that figure has decreased below 350,000.
Recognizing the evidence of the progress, the Prime Minister highlights that the government’s ultimate goal is to eliminate poverty entirely in Georgia. They are moving rapidly in that direction, having an absolutely realistic specific programmatic goal in this area — poverty reduction below 4% by 2028. Irakli Kobakhidze promised that at this pace, it is possible to eradicate poverty in Georgia in the medium term.

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