Investor Presentaiton
500
2000
Sources: GeoStat
1000
2010
1150
2011
1300
2012
SIGNS OF RECOVERY IN THE LABOUR MARKET
New unemployment rate (updated methodology) equal to
20.4% in 4Q20, up by 3.8 pp y-o-y
Sources: GeoStat
1450 27.2 27.2
UNDP Human Development Index
Sources: UNDP
30
26.7
1
26.4
23.0
25
21.9 21.7
21.6
0.8
20.4
19.2
17.6 18.3 18.3
17.0
20
0.6
15
0.4
10
10
0.2
Employed
Unemployment %
Average monthly nominal earnings in business sector
2018
2019
500
1 20
II 20
III 20
2000
IV 20
5
0
0
2000
2001
2002
2003
0.67 0.68 0.68 0.69 0.70 0.71 0.72 0.73 0.73 0.73 0.74 0.74 0.75 0.76 0.77 0.77 0.78 0.78 0.79 0.81
1,405
1500
1,242
1,107 1,144
1,024
1,106 1,150 1,187
1,319
0
1,241
1,316
1,306 1500
1,604
1,625
1,655
1,627
1,629
1,676
1,654
1,641
1,605
1,573
1,227
1,545
1,515
1,529
1,152
1,176
1,506
367
436
442
442
430
374
359
354
309
277
283
277
260
308
1000
1000
446
434
417
392
398
455
452
445
453
371
398
449
88
423
392
2009
2010
2011
2012
-----------Ɛ LOZ
710
724
759
739
795
855
854
869
903
898
891
840
845
805
0
0
17
|| 17
III 17 IV 17
118
II 18 III 18 IV 18
19
II 19 III 19 IV 19
| 20
II 20 III 20
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
120
II 20
III 20
IV 20
Construction
Trade
Real estate
Accommodation and food service
Education
Total
Hired
Self-employed
Unemployed
Not-identified worker
Labor force decomposition
Sources: GeoStat
Number of hired workers fell by 40,000 q-o-q and by 75,000 YoY in 4Q20, while the number of
unemployed increased by 48,000 q-o-q and by 53,000 y-o-y, on the back of restrictions
69
2014
2015
2016
LO
2018
2019
GEORGIA
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