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The Volume Of Business Sector Turnover Up By 20.8% In 2022 - Geostat

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In the Year 2022 compared to the previous year the volume of business sector turnover increased by 20.8% and amounted to GEL 181.8 billion, - according to the National Statistics Office of Georgia (Geostat).

According to the documnet, the production value of the business sector is characterized by the growth tendency. In the Year 2022, its volume equaled to GEL 71.8 billion, which is year-on-year 24.6% higher:

In the Year 2022, 65.5 percent of total turnover comes on large and 16.1% - on medium businesses while 18.3% is distributed to small business.

A small difference is in case of total production value: 48.6 percent comes on large, 23.7% – on medium and 27.7% on small businesses.

In the Year 2022, total purchases of goods and services carried out by enterprises equaled to GEL 101.4 billion, while the purchase goods and services for resale amounted GEL 65.8 billion. Total purchases of goods and services increased by 24.6%, and purchases of goods and services
for resale increased by 27% compared to the previous year.

In the Year 2022, the average number of employees equaled to 779.4 thousand, which is yearon-year 4.7% higher. Out of the total number of employees, 43.1% are female and 56.9%are male.