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Economy

Georgia's Annual Income Per Capita Increased

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According for the publication, should the average annual income per capita in Georgia was 1 272 GEL in 1998, the figure increased 3.4 times over the next Two decades and amounted to 4 335 GEL. Georgia is ranked the 8th r?worldwide by 3.4 times growth. Turkmenistan is ranked when the 1st?which includes a growth of 7.Three times. Armenia and Azerbaijan employ a slightly better result than Georgia.

Envisaging the Purchasing Power Parity C PPP (2011 international dollars), Georgia is over the 8th?place in relations to income growth. Revenue on per capital was 3 023 PPP in 1998, although rate was 3.4 time higher in 2018 – 10 305 PPP USD. This methodology examines the wages of the us in accordance with its purchasing power. Typically, pricing is lower around the products in low-income countries comparing to high-income countries, the purchasing power of poor countries is invariably higher. As usual, during the so-called nominal dollar, revenue on per capita was 4 500 USD in 2018.

Despite Georgia ranks since the 33th on the earth by economic rate of growth within last 20 years, with the revenue on per capita, the land is ranked since the 8th. This difference will likely be explained by decreasing the range of Georgian population. Practically in most with the world’s population the amount of inhabitants are growing, plus in 1998 individuals decreased by 15% (800,000). For that reason, income growth rate for one of the population was 6.4%.

If the sheer number of Georgian population haven\’t decreased, Georgia would be within the 13rdplace on earth with the revenue on per capita.

Despite located on the 8th?place, Georgia\’s revenues continue to be enough low within 20 years. In 2018, Georgia is about the 105th invest the globe with income on per capita. However, Georgia was about the 133rd put in place 1998.

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Economy

Quantity of Hired Employees Exceeded Quantity of Self-Employed People Recently

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In line with Mikabadze, that the amount of employed workers exceeded the sheer numbers of self-employed people and share with the overall quantity of employment equaled to 50,8%, ?indicates the increase in the amount of jobs generated from the productive sectors of economy.

\”The lessing of the unemployment rate has resulted in stable economic indicators which were observed within the recent times in Georgia in line the decreased rate of economic increase this particular region. It is crucial that the unemployment rate has reached the lowest mark within the last Many years. Unemployment is decreased both among women and men,\” C Ekaterine Mikabadze said.

According towards Deputy Minister, the unemployment rate among men has decreased by 1,1% totaling to 13,9%, while among women the cell number was decreased by 1,5% and equaled to 11,2. Normally, the number of unemployed in 2018 was decreased by 30,7 thousand people plus the range of employees amounted to ?245,7 thousand person.

According to Ekaterine Mikabadze, the amount of employees in 2018 decreased by 12,4 thousand and 1694,2 thousand. \”A small decline in how many employed people as a result of a decrease in how many self-employed people, and also the quantity of employed workers significantly was increased by 35,9 thousand and amounted to 860,2 thousand people. How many self-employed people was decreased by 48,2 thousand and equaled to 833,4 thousand persons,\” C the Deputy Minister noted.

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Economy

Competition on Borjomi Park concept Announced

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Based on the official documentation, the concept includes: long-term vision with the development of Borjomi Central (historical) park, upkeep of historical-cultural function – development; Expansion of park’s perspectives; Growth and development of recreational function; Upkeep of the diversity of flora, if needed, add new species; Landscape design visions; Arrangement of paths, attractions and logistics.

Competition involves 2 stages. Applications is going to be completed on March 15. Inside first stage, the jury will select the best projects. Next the 3 winners shall be revealed by their involvement and public participation. Your second stage will end on April 5.

“Anybody or group playing competition may present the repair in?Borjomi municipality.

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Economy

237.5 So many Georgian Citizens are Unemployed

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In 2018 the annual unemployment rate decreased by 1.2 percentage points compared to 2017 and amounted to 12.7 percent.

It must be noted how the downtrend inside the unemployment rate is maintained in the last nine years, furthermore in 2018 unemployment rate reached the minimum level over the past 15?years.

In IV quarter 2018 economically active population constituted 63.6 percent from the working age population (population aged 15 and older). In comparison to the previous quarter, the efficient?activity rate and employment rate decreased by 0.7 percentage points. The employment rate in?urban settlements decreased by 0.2 percentage points compared to the previous quarter plus?rural settlements – 1.3 percentage points. As compared to the previous quarter the commercial activity?rate in rural settlements decreased by 1.6 percentage points, when it\’s in urban settlements remained?unchanged.

Traditionally, the unemployment minute rates are higher for males than women. In IV quarter 2018 the indicator was 2.6 percentage points higher for men when compared to the corresponding indicator for girls.

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