The poverty rate fell to 9.4% in 2024, we have an ambitious goal for 2028, we want poverty to decrease to a maximum of 4%, said the Prime Minister of Georgia during his annual report to the parliament.

“In 2024, 90,000 people escaped poverty. I want to remind you what the data was in 2012: more than 1,100,000 people lived below the poverty line in Georgia… This indicator decreased from more than 1,100,000 to 350,000.

The poverty rate fell to 9.4% in 2024, marking the first time a single-digit indicator was recorded, which is very significant. In 2023, the poverty rate was 11.8%, and this indicator decreased by 2.4%. The government has set ambitious targets for continued poverty reduction: We have an ambitious goal for 2028 – we want poverty to decrease to a maximum of 4% in our country.

Unemployment in Georgia has fallen to historic lows, with the rate dropping to 13.9% by the end of 2024 – the lowest level since the restoration of independence.

This is a historic minimum since the restoration of independence. I want to remind you what we found in 2012 – unemployment then was 26.7%, meaning we managed to halve unemployment in our country during this period”, - said Irakli Kobakhidze.