Page 22 - GEORptJul20

2012
2013
2014
2015
2016
2017
2018
Active population (labour force), thousand persons
2 004.5
1 978.6
1 984.6
2 018.0
1 996.2
1 983.1
1 939.9
1 911.2
Employed, thousand persons
1 659.4
1 643.4
1 694.4
1 733.8
1 717.3
1 706.6
1 694.2
1 690.2
Unemployed, thousand persons
345.1
335.2
290.2
284.2
278.9
276.4
245.7
221.0
Unemployment rate, percentage
17.2
16.9
14.6
14.1
14.0
13.9
12.7
11.6
2019
Average monthly nominal earnings, Gel​ ​712.5
773.1
818.0
900.4
940.0
999.1
1,068.3
1,204.0
4.4.2​ Retail sector dynamics
Retail sales increases 15.3% y/y in 4Q19
Retail sales in Georgia increased 15.3% in the fourth quarter of 2019, easing from 19.1% y/y in the third quarter, according to Geostat.​ The fourth quarter of 2018 was the lowest growth in retail trade since the second quarter of 2016 at 5.6%.
In 2017, retail trade turnover reached GEL9,929.8mn, up from GEL8,101.9mn in 2016. Retail sales, which has been growing at a strong double-digit pace for several years, grew by only 8-9% in 2015-16 as wage growth slowed and unemployment rose.
Retail sales y/y in Georgia averaged 16% from 2000 to 2019.
22​ GEORGIA Country Report ​July 2020 ​ ​www.intellinews.com