Q1: average salary in Georgia up 15%
As for the annual growth of earnings, the figure amounted to ₾162 (15.8%) for women and ₾222 (15.1%) for men. Photo: Nino Alavidze/Agenda.ge
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The average monthly salary in Georgia went up by ₾190 ($65/€62) in the first quarter of 2022, marking a 15.1 percent growth compared to the same period of last year and totalling ₾1,446 ($495/€476), the latest data of the National Statistics Office of Georgia show.
The highest monthly earnings were observed in the following fields:
- Financial and insurance activities - ₾3,037 (+24%)
- Information and communication - ₾2,339 (+8.3%)
- Professional, scientific and technical activities - ₾1,963 (+9.1)
- Mining and quarrying - ₾1,900 (+15.9%)
Image: Geostat
Additionally, the office said in the majority of sectors, average monthly earnings of men were higher compared to women, with the data showing men earned about ₾511 ($174/€168) more than women each month in the first quarter of 2022.
As for the annual growth of earnings, the figure amounted to ₾162 (15.8%) for women and ₾222 (15.1%) for men.
The average monthly earnings of employees in the business sector increased by ₾196 (15.3%) for a total of ₾1,479 ($506/€487), while in the non-business sector the figure grew by ₾177 (14.6), totalling ₾1,390 ($476/€457), Geostat reported.
The unemployment rate in Georgia has decreased by 1.4 percent in the fourth quarter of 2021 compared to the same period of last year, amounting to 19 percent, the National Statistics Office of Georgia (Geostat) announced.
The Consumer Price Index in Georgia increased by 1.1 percent in May 2022 month-on-month, while the annual inflation rate equaled 13.3 percent, the National Statistics Office of Georgia announced on Friday.
A total of 17.5 percent of the Georgian population was under the absolute poverty line in 2021, a 3.8 percentage point decrease compared to the previous year, the latest data of 2021 poverty indicators published by the National Statistics Office of Georgia show.
Unemployment rate in Georgia increased by 2.1 percent in 2021 compared to the previous year and reached 20.6 percent across the country, data from the National Statistics Office of Georgia shows.
The number of individuals receiving a monthly salary higher than ₾9,600 (about $3,310/€3,149) increased by 42 percent in May year-on-year, a report published by PMC Research Centre on Wednesday showed.
The prices of restaurant and hotel services, as well as cost of food, alcoholic and non-alcoholic beverages and tobacco increased in Georgia in June month-on-month, according to the latest inflation data from the National Statistics Office of Georgia.
Georgian Finance Minister Lasha Khutsishvili on Monday announced public sector earnings would increase 10 percent yearly over the next three years until 2026.