Category: Georgia
WB: Georgia ranks 2nd globally in 2024 labor productivity growth
The World Bank (WB) has published the 2024 results for global labor productivity. Labor productivity is measured as the level of GDP per employed person, adjusted for purchasing power and constant prices. The WB says labor productivity in Georgia increased by 10.4% in 2024, surpassing 56,608 international dollars. This double-digit annual growth places Georgia second […]
Read moreDeputy Minister: Visa-free travel with China boosts tourism, strengthens ties
Irakli Nadareishvili, Deputy Minister of Economy and Sustainable Development, met with Han Jun, Deputy Director of China’s Civil Aviation Administration (CAAC), to discuss strengthening civil aviation ties between Georgia and China. Nadareishvili expressed interest in expanding cooperation and increasing the number of flights operated by Georgian and Chinese airlines. He noted that the recent introduction […]
Read moreFrom Fast Growth to Future-Proofing—What’s Next for Georgia’s IT Sector?
In recent years, Georgia’s IT services sector has grown from a small, promising industry into a major driver of the country’s economy. Backed by low taxes and a skilled workforce, the sector expanded rapidly between 2017 and 2023. But new data from the National Bank of Georgia shows that, in 2024, IT service exports dropped […]
Read moreAVERAGE MONTHLY NOMINAL EARNINGS OF EMPLOYEES
In the I quarter of 2025, the average monthly nominal earnings in Georgia increased by 11.7 percent (226.7 GEL) compared to the same quarter of the previous year and amounted to 2 170.1 GEL. According to the economic activity the highest monthly earnings were observed in the following fields: ⦁ Financial and insurance activities – […]
Read more“Georgia’s economy has no chance of cutting poverty and stopping migration” – Demur Giorkhelidze
Economist Demur Giorkhelidze says in a conversation with Commersant that the country has no chance to make progress in reducing poverty. The economist comments on the Prime Minister’s statement, where Irakli Kobakhidze noted that the government’s goal is to cut unemployment to below 4% by 2028. “Everything is in the hands of the government, the […]
Read moreBusiness sector turnover amounted to 56.0 billion GEL in Q1, gambling segment accounted for largest share
In the I quarter of 2025, compared to the same quarter of the previous year, the volume of business sector turnover increased by 14.5 percent and amounted to 56.0 billion GEL. The increase was observed in the production value of the business sector as well. In the I quarter of 2025, production value equaled 20.7 […]
Read more3.1% of employed in Georgia earn more than 9,600 GEL – PMCG
In April 2025, the number of persons receiving a monthly salary of 9 600 GEL and more increased and stood at 3.1% that is 0.7% more compared with the corresponding period of 2024, and 1.2% more than in the corresponding period of 2023, as per PMCG employment tracker. The document states that in April 2025, […]
Read moreBy 2028, the programmatic goal is to bring unemployment below 4% and raise the average salary above 3,500 GEL- PM
One of our key national goals is to eliminate poverty once and for all, and of course, economic growth is crucial for achieving this — by 2028, the programmatic goal is to reduce unemployment below 4% and raise the average salary above 3,500 GEL,” said Prime Minister Irakli Kobakhidze during a government meeting. According to […]
Read moreGeorgia sees slower job growth, fewer low-wage earners
PMC Research Center this week published data revealing that Georgia recorded 991,677 salaried employees in April 2025, a 2.2% increase compared to the same month in 2024 and 7.1% higher than in 2023. However, the year-over-year growth rate slowed by 2.6 percentage points, illustrating a deceleration in employment expansion compared to previous trends. The distribution […]
Read moreINDICATORS OF THE LABOUR FORCE (EMPLOYMENT AND UNEMPLOYMENT) I QUARTER, 2025 YEAR
In the I quarter of 2025, the unemployment rate in Georgia increased by 0.7 percentage points compared to the corresponding period of the previous year and equaled 14.7 percent. In the I quarter of 2025, compared to the corresponding period of the previous year, the number of hired employees increased by 5.3 thousand persons (0.6%) […]
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