The average monthly nominal wages in Georgia decreased

The average monthly nominal wages in Georgia decreased

The FINANCIAL -- National Statistics Office of Georgia published data of Average monthly nominal earning of employees (2020, II quarter). In the II quarter of 2020, the average monthly nominal earnings in Georgia decreased by 2.5 percent (29.6 Gel) compared to the same quarter of the previous year and amounted to 1 150.1 Gel. In the II quarter of 2020, the majority of sectors indicated the decrease in the average monthly earnings compared to the same quarter of the previous year

According to the economic activity the highest monthly earnings were observed in the following fields:  Financial and insurance activities – 2 040.9 Gel (decreased by 14.7 percent compared to the corresponding period of the previous year); Information and communication – 1 932.8 Gel (increased by 7.0 percent); Professional, scientific and technical activities – 1 786.9 Gel (decreased by 6.0 percent); Construction – 1 621.4 Gel (decreased by 8.5 percent). The chart below presents the distribution of the average monthly earnings by economic activity in the II quarter of 2019-2020.

In the II quarter of 2020, the average earnings equaled to 924.2 Gel for women, while 1 352.4 Gel for men. The annual growth of earnings amounted to 10.7 Gel for women, while it decreased by 67.4 Gel for men. In the majority of sectors of the economy, the average monthly earnings of men were higher compared to women. In the II quarter of 2020, the average monthly earnings of hired employees in the business sector decreased by 65,5 Gel and equaled to 1 175.6 Gel. According to the economic activity the highest monthly earnings were observed in the Professional, scientific and technical activities (2 044.3 Gel, decreased by 4.4 percent compared to the corresponding period of the previous year) and Information and communication (1 972.6 Gel, increased by 9.3 percent).

In the II quarter of 2020 compared to the same quarter of the previous year, the average monthly earnings of hired employees in the non-business and financial sector increased by 34.9 Gel and amounted to 1 108.8 Gel. According to the economic activity the highest monthly earnings were observed in the Financial and insurance activities. The chart below presents the distribution of the average monthly earnings of employees in non-business and financial Sectors in 2014-2020, by quarters.

Recently, the National Statistics Office of Georgia has published data on domestic tourism statistics in Georgia (II Quarter 2020). In the II quarter of 2020 the monthly average number of Georgian resident visitors aged 15 years or more equal to 596.5 thousand, who made 675.7 thousand visits on the territory of Georgia. In comparison to the II quarter of the previous year, the number of visitors has decreased by 37.2 percent. In the II quarter of 2020, the monthly average number of tourist visits of Georgian residents amounted to 308.4 thousand, which is 31.4 percent lower than the indicator of the relevant period of the previous year. Read more.  

Georgia advanced to 8th position in world economic freedom ranking

Author: The FINANCIAL

Advertisement

Ads on Banks

Events