Page 20 - GEORptOct20

2013
2014
2015
2016
2017
2018
2019
Q1’ 20
Q2’20
Active population (labour force), thousand persons
1 978.6
1 984.6
2 018.0
1 996.2
1 983.1
1 939.9
1 911.2
1 892.7
1 919.8
Employed, thousand persons
1 643.4
1 694.4
1 733.8
1 717.3
1 706.6
1 694.2
1 690.2
1 667.5
1 684.0
Unemployed, thousand persons
335.2
290.2
284.2
278.9
276.4
245.7
221.0
225.2
235.9
Unemployment rate, percentage
16.9
14.6
14.1
14.0
13.9
12.7
11.6
11.9
12.3
Source: Geostat
4.4.2​ Retail sector dynamics
Retail sales increases 13.5% y/y in 1Q20
Retail sales in Georgia increased 13.5% y/y in the first quarter of 2020, easing from a rise of 15.3% in the fourth quarter last year easing from, 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.
20​ GEORGIA Country Report ​October 2020 ​ ​www.intellinews.com