Geostat: Number of Employees in Business Sector in 3rd Quarter Decreased by 7.2%

In the third quarter of 2020, the average number of employees in the business sector amounted to 645.6 thousand, which is 7.2% less than the same period last year, based on the results of the activities of enterprises published by Geostat.

Based on the same source, the turnover of the business sector in the third quarter of 2020 increased by 0.6% compared to the same period last year and amounted to 29.2 billion GEL. At the same time, the production value of the business sector is characterized by a decreasing tendency. In the third quarter of 2020, its volume was estimated at 11.6 billion GEL, which is 8.8% less than the same period last year.

Regarding employees in the business sector, 40.5% of the total number of employees come from large businesses, 22.7% from medium-sized businesses, and the remaining 36.8% from small businesses. At the same time, the total costs of enterprises on staff were set at GEL 2,4377.8 million (7.4% less than in the same period last year).

In the third quarter of 2020, the average monthly salary in the business sector amounted to 1305.9 GEL, a 10.3 GEL decrease compared to the same period last year.

By Ana Dumbadze 

See the full report by Geostat here 

04 December 2020 17:26