ECONOMY
18.12.23 17:02
Georgian Deputy Economy Minister Vakhtang Tsintsadze on Monday said increases in nominal monthly earnings across the country in the third quarter of 2023 were reflecting “positive” domestic economic growth trends.
Tsintsadze said average monthly nominal earnings in the country had increased by 16.3 percent in the quarter compared to the same period of the previous year and reached ₾1,855.4 ($689.83).
Significant growth is recorded in the construction, information and communications, financial and insurance sectors, and this list is quite large. We expect that the positive economic trends in the country will continue in the coming years as well, which will be reflected in the increase in wages and the purchasing power of the population”, he noted.
The National Statistics Office of Georgia on Friday said the highest monthly earnings were observed in the following sectors:
Information and communication – ₾3,958.1 ($1,471.60)
Construction – ₾3,033.4 ($1,127.80)
Financial and insurance sector – ₾2,806.7 ($1,043.51)
Professional, scientific and technical sector – ₾2,615.6 ($972.46)
Average earnings for women reached ₾1,459.1 ($542.48), while men earned ₾2 233.9.
($830.55). The statistics body said the average monthly earnings of men were higher than those of women in most sectors of the economy.
In the third quarter of the year, earnings of hired employees in the business sector equalled ₾2,007.2 ($746.26), marking a 17.1 percent increase year-on-year. The highest monthly earnings were in the information and communication as well as arts, entertainment and recreation sectors, the Office said.
In non-business and financial sectors, average monthly earnings increased by 14.4 percent and reached ₾1,579.5 ($587.25). The highest earnings were observed in the financial and insurance areas.
The capital city of Tbilisi and Mtskheta-Mtianeti region of the country were the leading regions for average earnings, the figures also showed.
agenda.ge
Read: 154
Write comment
(In their comments, readers should avoid expressing religious, racial and national discrimination, not use offensive and derogatory expressions, as well as appeals that are contrary to the law)
News feed
-
Georgian Parliament holds yellow security level
12:0903.05.24
-
18:0002.05.24
-
Georgian Parliament Speaker, EU official review cooperation, integration
17:3202.05.24
-
US State Department condemns foreign influence bill advanced in Georgian Parliament
16:4002.05.24
-
Georgian Economy, Finance Minister review cooperation, projects with World Bank Executive Director
16:0002.05.24
-
15:0502.05.24
-
14:2902.05.24
-
13:5202.05.24
-
Austrian Airlines launches Vienna-Tbilisi flights
13:0002.05.24
-
12:1002.05.24
-
Health Ministry: Eight hospitalized during protest, patients' health conditions are satisfactory
11:2202.05.24
-
Ursula von der Leyen: Georgian people want European future for their country
10:1602.05.24
-
Is Echmiadzin opposed to peace in the South Caucasus? Once again...
18:5701.05.24
-
Georgian Parliament official highlights “threats” of external interference among “European public”
18:0001.05.24
-
17:0801.05.24
-
16:2701.05.24
-
15:2701.05.24
-
Josep Borrell Responds To The Situation In Georgia
14:4301.05.24
-
Tbilisi Mayor says Europe needs worthy, strong states
14:0001.05.24
-
Georgia imported 265 tons of lentils in January-March
13:3101.05.24
-
12:5001.05.24
-
12:0501.05.24
-
11:3101.05.24
-
10:5001.05.24
-
Yellow level of security regime to be again in effect in Parliament today
10:1601.05.24
-
Armenians in the Ottoman Empire: What Was, What Could Have Been and Today's Reality
7:5501.05.24
-
18:0530.04.24
-
Vice-President of the European Commission: I advised Ilia Darchiashvili to review our directive
17:1030.04.24
-
The Parliament elected Giorgi Kalandarishvili to the post of CEC Chairman
16:1530.04.24
-
15:4030.04.24
-
According to the government's decree, May 7, 8, and 10 were declared public holidays
13:5930.04.24
-
13:2130.04.24
-
Geostat: Georgia's economy grew by 8.2% in March
12:5030.04.24
-
President: Today, some people want to portray our 30-year-old allies and partners
12:0530.04.24
-
Georgian PM says “no alternative” to opening EU accession talks with country this year
11:3230.04.24
-
Ruling party Honorary Chair says “majority” of public “firmly support” NGO “transparency”
10:5130.04.24