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Georgia's poverty rate down to 7.1 pct in 2025

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Georgia's poverty rate down to 7.1 pct in 2025

2026-05-26 17:20 Last Updated At:18:37

Georgia's poverty rate fell to 7.1 percent in 2025, with roughly 90,000 people lifted out of poverty, Prime Minister Irakli Kobakhidze announced Monday.

Citing newly released data from the National Statistics Office, Kobakhidze attributed the decline to sustained robust economic growth, with GDP expanding 7.5 percent in 2025.

The poverty rate has dropped threefold from 21.3 percent in 2020, averaging an annual reduction of 2.84 percentage points over the five years, said the prime minister, noting that the number of Georgians living below the poverty line has plummeted from more than 1.12 million in 2012 to fewer than 280,000.

Kobakhidze said that eliminating extreme poverty by 2030 is achievable if current economic and social trends continue.

Georgia's economy has grown from 16 billion U.S. dollars to 38 billion dollars in recent years, while maintaining high growth remains the government's priority, he said.

"Sustaining high economic growth directly drives job creation, rises in average wages, expanded social support, and poverty reduction," he said.

Georgia's poverty rate down to 7.1 pct in 2025

Georgia's poverty rate down to 7.1 pct in 2025

Hong Kong's stock market ended lower on Tuesday with the benchmark Hang Seng Index down 0.03 percent to close at 25,599.45 points.

The Hang Seng China Enterprises Index gained 0.30 percent to end at 8,576.89 points, while the Hang Seng Tech Index climbed 1.59 percent to end at 4,946.88 points.

Hong Kong's Hang Seng Index closes 0.03 pct lower

Hong Kong's Hang Seng Index closes 0.03 pct lower

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