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labour indicators.
The average monthly nominal earnings in Georgia amounted to GEL1,068.3 in 2018, up from GEL999.1 a year ago.
4.4.2 Retail sector dynamics
Retail sales accelerates to 16.3% y/y in 3Q19
Retail sales in Georgia increased 16.3% y/y in the third quarter of 2019, accelerating from a 12.2% y/y rise in the second 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.
20 GEORGIA Country Report March 2020 www.intellinews.com
