Georgian population’s average monthly incomes increased by 17.3 percent, while expenditures – by 20.3 percent in 2022, said the Georgian National Statistics Service (GeoStat) in its annual report on Indicators of Living Conditions (Households Incomes and Expenditures).

In 2022 the average monthly incomes (cash and non-cash inflows) of the population in Georgia amounted to 1 596.1 million GEL, which is 17.3 percent increase compared to 2021.

According to the survey data of 2022, average monthly incomes increased by 19.0 percent per household, by 18.6 per capita and amounted to 1 453.8 GEL and 432.7 GEL correspondingly.

According to the survey, the main source of incomes for households are cash incomes and transfers, which increased by 0.9 percent point y.o.y and reached 86.9 percent.

The amount of households total incomes in urban areas increased by 14.9 percent to GEL 967.9 million, while that of rural areas increased by 21.4 percent to GEL 628.1 million. In 2022, the income from wages has a significant contribution in the structure of cash incomes and transfers, the share of which increased by 0.2 percentage points y.o.y and amounted to 46.1 percent. Additionally, the share of income from self-employment increased by 2.2 percentage points and equaled 12.4 percent. Also, the share of income from pensions, scholarships and social assistance decreased by 1.0 percentage points compared to the same period of the last year and amounted to 21.6 percent.

In 2022, the average monthly expenditures of the population in Georgia amounted to 1 551.9 million GEL, which is 20.3 percent increase in comparison to the last year.

According to the survey results, the average monthly expenditures per household increased by 22.0 percent and is equal to 1 413.6 GEL, while the average monthly expenditures per capita increased by 21.7 percent and amounted to 420.7 GEL.

In 2022, the share of household cash consumption expenditures in total expenditures increased by 1.4 percent points compared to 2021 year and equals to 71.5 percent.

The amount of households expenditures in urban areas increased by 19.2 percent and equals to 951.5 million GEL, while for rural areas increased by 22.2 percent and amounted to 600.4 million GEL. In 2022, expenditures on food, beverages, tobacco has a significant share in the structure of the cash consumption expenditures, which decreased by 1.9 percentage points y.o.y and amounted to 41.8 percent.

source: 1TV