According to Geostat, in 2023, compared to the previous year, the volume of business sector turnover increased by 12.6 percent and amounted to 204.6 billion GEL. The increase was observed in the production value of the business sector as well. In 2023, production value equaled 77.9 billion GEL, which is 8.5 percent more year-on-year.
The same year, large businesses generated 66.8 percent of total turnover, while medium size businesses generated 15.3 percent, and 17.9 percent was generated by small businesses. A distribution was slightly different in case of total production value: 46.1 percent was on large businesses, 24.6 percent - on medium, and 29.3 percent - on small businesses.
In 2023, total purchases of goods and services carried out by enterprises equaled 109.0 billion GEL (year-on-year 7.5 percent more), while the purchase of goods and services for resale amounted to 71.2 billion GEL (year-on-year 8.2 percent more). The same year, the average number of persons employed in the business sector equaled 823.6 thousand, which is year-on-year 5.7 percent more than the previous year. Out of the total number of persons employed, 43.4 percent were female and 56.6 percent were male.
Large businesses employed 40.4 percent of the total number of persons, while 19.8 percent were employed by medium, and 39.8 percent - by small businesses. The total number of employees amounted to 771.5 thousands (year-on-year 6.2 percent more). The total personnel costs of enterprises equaled 17.2 billion GEL (year-on-year 20.7 percent more). In 2023, average monthly remuneration of employed persons equaled 1 827.3 GEL (221.4 GEL increase year-on-year) while remuneration of employed women specifically was 1 445.3 GEL (181.3 GEL increase year-on-year).
In 2023, the trade sector (including repair of motor vehicles and motorcycles) has the highest share (38.0 percent) in the total turnover in business sector, followed by arts, entertainment and recreation with 31.4 percent share, manufacturing - with 7.8 percent, construction - with 5.9 percent, transportation and storage - with 4.6 percent, and other sectors - with 12.3 percent share. Trade (19.7 percent) and manufacturing (19.5 percent), construction (17.3 percent), and transportation and storage (9.1 percent) held the top four places in the business sector by production value. Rest of the sectors had 34.4 percent share.
Trade (wholesale and retail trade, repair of motor vehicles and motorcycles), manufacturing, and human health and social work activities led the business sector by number of employees (accordingly with 28.6 percent, 11.7 percent and 9.6 percent share). However, enterprises engaged in transportation and storage (8.4 percent), construction activities (8.3 percent), information and communication (5.7 percent), and accommodation and food service activities (5.1 percent) had also a significant share.
By regions, Tbilisi and following regions are leading in gross turnover: • Tbilisi - 78.9 percent • Adjara - 5.4 percent • Kvemo Kartli – 4.2 percent • Imereti – 3.4 percent • Samegrelo-Zemo Svaneti - 2.1 percent.
By regions, Tbilisi and following regions are again leading in gross production value: • Tbilisi - 64.8 percent • Adjara - 8.5 percent • Kvemo Kartli - 6.9 percent • Imereti - 5.7 prcent • Samegrelo-Zemo Svaneti - 3.6 percent.
