Georgia is an upper-middle-income country with a population of over 3.6 million people (2024). Located in the South Caucasus, it borders Armenia, Azerbaijan, the Russian Federation, and Türkiye. Over the past decade, the country has made notable gains in income growth and poverty reduction. As a result of sound macroeconomic management, GNI per capita (constant $ 2015) increased from $3,036 in 2010 to $5,702 in 2023. Poverty (measured by $6.85 poverty line in 2017 PPP) declined from 70.6% in 2010 to preliminary estimated 35.5% in 2024. Georgia’s job market experienced a strong recovery, with unemployment falling from 20.6% in 2021 to 13.9% as of end-2024, supported by the fast growth rates in recent years.
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