Total Revenues of Markets and Fairs in Georgia Amounted to GEL151M

In 2017, 207 markets and fairs operated in Georgia, 30.4% of which were located in Tbilisi, according to GeoStat. Total revenues in the same year comprised GEL 151.9M.

The remainder of markets and fairs were held in other regions: 20.8% in Imereti, 12.1% in Samegrelo-Zemo Svaneti, 12.1% in Kakheti, 7,7% in Kvemo Kartli, 4,8% in Adjara, 4,3% in Shida Kartli, 3,4% in Samtskhe-Javakheti, 1,5% in Guria, 1,9% in Mtskheta-Mtianeti and 1% in Racha-Lechkhumi and Kvemo Svaneti.

Moreover, according to GeoStat, 96.6% of the markets are privately owned, while 3.4% are state-owned.

In 2017, economic objects operating in the Georgian markets sold both food and non-food goods. The average annual number of employees amounted to 3.1 thousand, of which 34.2% were women. 46.1% of the total employees were employed in Tbilisi.

GEL 56.3mln of the total revenues was paid by the entities for the right to trade on their respective territories, accounting to 37.1%. 54.7% of the total revenues were attributed to renting the area and 8.2% belonged to other sources of revenue.

Expenses associated with operating markets in 2017 equaled GEL 101.1 mln, of which payment to employees was GEL 26.6 mln.

By Anna Zhvania



31 July 2018 14:07