18.May .2021 12:00

Unemployment Rate In Georgia Up By 0.9% In 2020

Unemployment Rate In Georgia Up By 0.9% In 2020
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In 2020 the unemployment rate in Georgia increased by 0.9 percentage points compared to 2019 and amounted to 18.5%, - show the latest data published by the National Statistics Office of Georgia (Geostat).

“In 2020 labour force (economically active population) constituted 50.5% of the working age population (population aged 15 and older). The Labour force participation rate (economic activity rate) declined 1.3 percentage points, while employment rate by 1.5 percentage points compared to the previous year. The Labour force participation rate (economic activity rate) in urban settlements decreased by 0.3 percentage points and by 2.6 percentage points in rural settlements compared to the previous year. The employment rate in urban settlements as well as in rural areas decreased by 1.3 and 1.8 percentage points respectively”, the document reads.

The 2020 Unemployment Report was developed by Geostat through a new methodology that no longer considers rural self-employed people who are not engaged in economic activity as employed persons.

As a result of the pandemic, the unemployment rate in Georgia increased dramatically in 2020 and more than 100,000 citizens received 200 GEL compensation from the state.