The National Bank of Georgia reports, that Georgia received USD 784 million in revenue from software development and computer services in 2023. This is 53% higher compared to the same period of the previous year.
The sharp growth in the revenues of the IT sector in Georgia is due to the entry of international companies, as well as the increase in migration of Russian; Ukrainian, and Belarussian IT specialists because of the Russia-Ukrain War.
The number of employees in the sector is also increasing. If in 2021, 30.6 thousand people worked in the IT, communication and telecommunications sector, the size of the workforce exceeded 39 thousand in 2022, and the figure made up 47 thousand people in 2023.
As for the wages, if in 2021 the average salary in the field of information and communications was equal to GEL 2,000, it reached GEL 3,800 late in 2022 and in 4Q 2023 the average salary amounted to GEL 4,4 thousand.
