03.Sep .2020 15:57

Business sector turnover decreased by 11.5 percent and amounted to 22.3 billion GEL

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The National Statistics Office has published a report on the results of the activities of enterprises. According to the report, in the II quarter of 2020 compared to the same quarter of previous year the volume of business sector turnover decreased by 11.5 percent and amounted to 22.3 billion GEL.

According to Geostat, the production value of the business sector is characterized by a decreasing tendency. In the II quarter of 2020, its volume equaled to 9.2 billion GEL, which is year-on-year 18.3 percent less.

In the II quarter of 2020, 58.8 percent of total turnover comes on large and 17.8 percent – on medium businesses while 23.4 percent is distributed to small business.

A small difference is in case of total production value: 43.7 percent comes on large, 25.7 percent – on medium and 30.6 percent on small businesses.

According to report, In II quarter of 2020, total purchases of goods and services carried out by enterprises equaled to 12.9 billion GEL (year-on-year 15.3 percent less), while the purchase goods and services for resale amounted 7.7 billion GEL (year-on-year 16.2 percent Less).