What is the cost of the minimal food basket in Georgia?
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A person needs at least $76 USD to support themselves in Georgia, reveals the National Statistics Office of Georgia (Geostat).
The minimum subsistence level for a working age male in May 2016 was 160.6 GEL (about $76/€67*), claimed the statistical agency in its latest data published today.
The minimum subsistence level is calculated based on the minimum cost of items in the food basket, defined by Georgian law since 2004. The indicator did not include monthly mortgage or rent costs, or utility bills.
For the average consumer, the minimum subsistence level was 160.6 GEL in May, while an average family needed at least 269.4 GEL to survive.
As for households, the minimum amount of money needed to survive was:
- For a one-person household – 142.3 GEL
- For a two-person household – 227.6 GEL
- For a three-person household – 256.1 GEL
- For a four-person household – 284.5 GEL
- For a five-person household – 320.1 GEL
- For a six or more person household – 378.4 GEL
The minimum amount of money person needs to survive in Georgia has dropped slightly over the past five months of 2016.
* Currency rates are according to today's National Bank of Georgia exchange rate.
A person needs a minimum of $70 USD to support themselves in Georgia, reveals official figures.
The minimum cost of living is slightly increasing in Georgia month-on-month, meaning a person needs more money to support themselves.
The cost of some basic food items in Georgia is dropping thanks to a slight fall in the monthly inflation rate while the prices on manufacturing, chemical products and tobacco are on the rise.
The average Georgian family in Georgia spends almost 20,000 GEL annually, shows latest research by London-based market research firm Euromonitor International.
Georgia moves from lower-middle to upper-middle income country
The World Bank has raised Georgia’s position in a global income ranking to reflect the increase in the average income of Georgian citizens.
A person needs at least $67 USD each month to support themselves in Georgia, reveals the National Statistics Office of Georgia (Geostat).
A person needs at least $64 USD each month to support themselves in Georgia, reveals the National Statistics Office of Georgia (Geostat).