Georgia sees its average monthly salary increase

BAKOU, Azerbaijan, December 28

By Maryana Akhmedova – Trend:

Average monthly nominal earnings of employees in Georgia in the third quarter of 2021 increased by 10.4% or 129 Georgian laris ($ 41.7), compared to the same period of 2020, and stood at 1,368 Georgian laris ($ 442.7), Trend reports via the National Statistics Office (Geostat).

The highest monthly earnings in Georgia in the third quarter of 2021 were seen in the following industries (compared to the same period of 2020):

Financial and insurance activities – 2,234 Georgian lari ($ 722.9) – increase of 10.4%;

Information and Communication – 2,193 Georgian Lari ($ 709.7) – 2% increase;

Professional, scientific and technical activities – 2,003 Georgian lari ($ 648.2) – 4.9% increase;

Construction – 2,003 Georgian Lari ($ 648.2) – Increase of 6.8%.

The average monthly salary for women during the reference period of 2021 has been set at 1,106 Georgian Lari ($ 357.9) and 1,612 Georgian Lari ($ 521.6) for men.

Annual wage growth was 13.1 percent for women and 9.5 percent for men. In most sectors of economic activity, the average monthly income of men was higher than that of women, Geostat said.

The average monthly salary in the business sector during the reference period of 2021 increased by 11.5% to reach 1,455 Georgian lari ($ 470.8). According to the types of activities, the highest salaries are recorded in professional, scientific and technical activities (2,265 Georgian lar ($ 733) – increase of 3.5 percent) as well as in the arts, entertainment and culture. leisure (2,336 Georgian laris ($ 755.9) – 60.4% increase).

The average monthly salary in the non-profit and financial sector increased by 7.9% compared to 2019 and amounted to 1,219 Georgian lari ($ 394.4).

According to economic activity, the highest monthly incomes were observed in financial and insurance activities, Geostat said.

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