Average monthly income up in Georgia
BAKU, Azerbaijan, May 25
By Tamilla Mammadova - Trend:
The average monthly income (cash and non-cash inflows) of the population in Georgia amounted to 1.25 billion lari ($392.4 million) in 2019, which is 5.4 percent more compared to 2018, Trend reports with reference to National Statistics Office of Georgia (Geostat).
As reported, the average monthly income equals to 1,175 lari ($368.92) per household and 336.1 ($105.53) lari per capita.
According to Geostat, the main source of income for households are cash income and transfers, which increased by 1.5 percentage points year-on-year and reached 84.5 percent.
The amount of households' total income in urban areas was significantly higher and equaled to 781.1 million lari ($245.2 million). This figure stood at 470.2 million lari ($147.6 million) for rural areas.
In 2019, the income from wages (48.7 percent) had a significant contribution to cash income and transfers. Additionally, pensions, scholarships, aids hold considerable share (19 percent) in the income. Also, income from self-employment and money received as gift have significant shares – 11.4 percent and 8.8 percent, respectively.
In 2019, the average monthly expenditures of the population in Georgia amounted to 1.22 billion lari ($383 million), which is 4.8 percent higher as compared to 2018.
As reported, the average monthly expenditures per household is equal to 1,146 lari ($359.81), while the average monthly expenditures per capita amounted to 327.7 lari ($102.89).
In 2019, the share of household cash consumption expenditures in total expenditures increased by 1.3 percentage points compared to 2018 year and stood at 68.2 percent.
Similarly, as for income, the amount of households' expenditures in urban areas is considerably higher and equals to 764.4 million lari ($239.9 million). The same indicator for rural areas amounted to 455.7 million lari ($143 million). In 2019, expenditures on food, beverages, tobacco had a significant share (37.8 percent) in the cash consumption expenditures.
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