Page 25 - GEORptJul22

Average monthly salary in Georgia at GEL1,463.8 in Q4
0.2%.
The economic activity rate, or the percentage of Georgia’s population that is able and willing to work regardless of labour status, has increased by 1.2% compared to the same period of the previous year and totals 51.2% of the working-age population (aged 15 and older). "The labour force participation rate in urban settlements decreased by 0.3%, while in rural settlements it increased by 3.1%" the report said.
The employment rate in the country increased by 1.7% and totalled 41.5%. In urban areas, it was up by 0.9%, while in rural areas the employment rate grew by 2.7%. Traditionally, the unemployment rate is higher among men than women: "In 4Q21, compared to the corresponding period of the previous year, this indicator decreased for women by 1%, while it decreased by 1.7% for men," Geostat added.
However, the economic activity rate is higher for men than for women. The economic activity rate in the reporting period for women amounted to 40.9%, while for men it reached 63.1%; the labour force participation rate increased both for women and men by 1.4% and 1.1% respectively y/y.
According to Georgia’s National Statistics Office (Geostat), in Q4, the average monthly nominal earnings in Georgia increased by GEL95.3 q/q to total GEL1,463.8.
Geostat said the average earnings equalled GEL 1 077 for women and GEL 1 560 for men. As for the annual growth of earnings, the figure amounted to GEL 153.6 for women and GEL 207.6 for men. "In the majority of sectors of the economy the average monthly earnings of men were higher compared to women," noted Geostat.
According to the statistics office, the highest earnings were observed in the following fields: financial and insurance activities, GEL 2,354.7 (increased by 15.4% y/y); information and communication, GEL 2,173.0 (increased by 12.4%); construction, GEL 2,006.1 (increased by 23.7%); and professional, scientific and technical activities, GEL 1 919.5 (increased by 7.4%).
2014
2015
2016
2017
2018
2019
2020
Q1 2021
Q2 2021
Q3 2021
Q4 2021
Labour force (active population), thousand persons
1629
1675.6
1653.8
1641.4
1605.2
1572.8
1523.7
1447.2
1559.1
1592.0
1536.1
Employed, thousand persons
1,255
1308.5
1294.5
1286.9
1296.2
1295.9
1241.8
1129.7
1214.6
1281.2
1244.2
Unemployed, thousand persons
374
367.2
359.2
354.5
309.0
276.9
281.9
317.5
344.6
310.8
261.9
Unemployment rate %
23
21.9
21.7
21.6
19.2
17.6
18.5
21.9
22.1
19.5
19.0
Average monthly nominal earnings, GEL
818
900.4
940.0
999.1
1068.3
1129.5
1191.0
1256.2
1328.0
1368.5
1463.8
Source: Geostat
25 GEORGIA Country Report July 2022 www.intellinews.com