Georgia’s average monthly earnings surge 10.9% in Q3 to $731.92 - Statistics Office

Average monthly nominal earnings in Georgia increased by 10.9 percent in the third quarter of 2024, rising by ₾201.3 ($71.64) to reach a total of ₾2,056.7 ($731.92) compared to the same quarter in the previous year, the National Statistics Office said on Monday.

The Office said the highest monthly earnings had been recorded in the information and communication sector, where workers earned an average of ₾3,976.9 ($1,415.27), reflecting an increase of 0.5 percent from last year.

Other sectors exhibiting substantial earnings included:

• Construction, with an average of ₾3,198.2 ($1,138.15), up 5.4 percent
• Financial and insurance sector at ₾3,186.6 ($1,134.02), up 13.5 percent
• Professional, scientific, and technical sectors, which surged to ₾3,062.9 ($1,090), up 17.1 percent

The earnings gap between genders remained prevalent, with average earnings at ₾1,650.6 ($587.40) for women and ₾2,451 ($872.24) for men. Women experienced an annual earnings growth of ₾191.5 ($68.15), or 13.1 percent, while men's earnings grew by ₾217 ($77.22) - 9.7 percent. Across nearly all economic sectors, men continue to earn more than women, the Office said.

In the business sector, employees saw an increase by 9.1 percent, raising their average earnings to ₾2,190.1 ($779.40). Notably, the information and communication sector reported a decrease of 0.2 percent, bringing earnings to ₾4,065.8 ($1446.90), while professional, scientific, and technical sectors recorded an increase of 16.9 percent, averaging ₾3,500.5 ($1,245.73).

Meanwhile, employees in the non-business and financial sectors benefited from a 14.8 percent increase, bringing their average earnings to ₾1,813.5 ($645.37), with financial and insurance activities leading in this domain.

The capital city of Tbilisi and the Mtskheta-Mtianeti region of the country continued to lead in average earnings, the body said.