In 2015, average household monthly income (cash and non-cash) equaled 1,022 GEL which is 3.9% higher than the corresponding indicator in 2014. Together with income growth, the volume of expenditure also increased (5%) and amounted to 1,005 GEL.
Along with the increase in households’ income and expenditure, in 2015 consumer prices also increased (4.0%) meaning that in 2015 there was no significant change regarding consumers’ purchasing power compared to 2014.
In 2015, the main source of average household monthly income (1,022 GEL) is still wages (38%). It should be noted that pensions, scholarships and assistance take up a significant share (14%) in total income.
In 2015, about one quarter of households’ total expenditure went on everyday products such as food, drink and tobacco, while only 3% of the whole expenditure was spent on household goods such as a washing machine or kettle. A significant amount of expenses went on health care (8%), fuel and electricity (8%), transport (7%) and transfers (4%). It is also interesting that despite not yielding a high income, households still save 18% of their average monthly income, which is about 180 GEL.
In 2015, compared to 2014, the structure of average monthly expenditure per household did not change.
In the period of 2007 to 2015, the average monthly nominal salary in business and non-business sectors increased. In 2015, the average monthly salary in the non-business sector increased (6.6%) and equalled 905.8 GEL. In this period there was also a significant increase (13.8%) in the average monthly nominal salary in business sector. As a consequence, in 2015 the average monthly salary in the business sector was 4.9% higher than in the non-business sector and reached 950 GEL.
Starting from 2008, in most cases the average monthly nominal salary in the non-business sector was higher than in the business sector but in 2015 in the business sector the average monthly nominal salary was higher.
In 2015, the average monthly salary increased in all areas of the business sector**. The highest growth was recorded in the following industries: fishing (29.3%), education (17.8%), health care (16.5%), real estate (14.6%) and construction (16.1%). Despite such growth, employees in education remain poorly paid (486 GEL). On the other hand, in the business sector the highest paid area is construction (1,352 GEL).