The unemployment rate in Georgia decreased to 13.9 percent in 2017 from 14 percent in the previous year, hitting its lowest level since 2004. All figures were recalculated according to 2014 general population census. The number of unemployed persons declined by 2.5 thousand to 276.4 thousand and employment went down by 10.7 thousand to 1706.6 thousand. The labor force participation rate fell to 65.8 percent from 66.3 percent in 2017. Unemployment Rate in Georgia averaged 14.80 percent from 1998 until 2017, reaching an all time high of 18.30 percent in 2009 and a record low of 10.30 percent in 2000.
Unemployment Rate in Georgia is expected to be 13.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Unemployment Rate is projected to trend around 13.50 percent in 2020, according to our econometric models.