Page 26 - GEORptAug21

Georgia: Labour Force [thous]
Q1 18
Q1 19
Q1 20
Q2 20
Q3 20
Q4 20
Q1 21
% y/y
000s y/y
Total 15 + population
3038.3
3029.2
3013.1
3012.9
3036.8
3011.3
2994.8
-0.6%
-18.3
Labour force (Active population), total
1592.0
1593.2
1545.2
1515.0
1528.9
1505.7
1447.2
-6.3%
-98.0
Employed
1246.4
1279.8
1262.7
1237.6
1269.1
1197.9
1129.7
-10.5%
-132.9
Hired
863.3
896.7
891.2
839.5
845.3
805.1
782.8
-12.2%
-108.3
Self-employed
382.6
382.6
370.8
397.6
423.1
391.9
345.7
-6.8%
-25.2
Not-identified worker
0.5
0.4
0.7
0.5
0.7
0.9
1.2
81.0%
0.5
Unemployed
345.6
313.5
282.6
277.4
259.8
307.8
317.5
12.4%
34.9
Population outside the labour force
1446.2
1435.9
1467.8
1497.9
1507.9
1505.6
1547.6
5.4%
79.7
Unemployment rate, percentage
21.7
19.7
18.3
18.3
17.0
20.4
21.9
20.0%
3.7
Labour force participation rate (Economic activity rate), percentage
52.4
52.6
51.3
50.3
50.3
50.0
48.3
-3.0
-3.0
Employment rate, percentage
41.0
42.2
41.9
41.1
41.8
39.8
37.7
-10.0%
-4.2
Source: GeoStat
4.4.2 Retail sector dynamics
Retail sales increases 11.3% y/y in 1Q21
Retail sales in Georgia increased 11.3% in the first quarter of 2021, after facing a plunge of 5.7% in the previous quarter, according to Geostat. The second quarter of 2020 was by far the largest decline in retail trade recorded at -14.5% brought on by the coronavirus pandemic.
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.
26 GEORGIA Country Report August 2021 www.intellinews.com