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Business Sector’s Turnover Rose 15.3% in 4Q16

In the fourth quarter of 2016 the business sector turnover rose 15.3% year on year and constituted 17.4 billion GEL. The business sector’s production volume have also grown to 8.8 billion GEL, up 20% year on year.

According to Geostat, the national statistics services of Georgia, in the reporting period the ratio of major business sector in total turnover made up 81%, medium business sector – 9.4% and small business sector – 9.6%. A little different situation is recorded in terms of total production: major business sector recorded 79%, medium – 11.3% and small business – 9.7%.

In the reporting period business companies purchased goods and services of 13 billion GEL, up 2.4% year on year.

The reporting period recorded 620 800 employees on average, up 6.2% year on year. The ratio of employed women made up 40.7%.

The ratio of major business sector in total number of employees is 61.3%, medium business sector – 16.6% and small business sector – 22.1%.

Total expenditures of business companies on employees made up 1997.6 million GEL, up 12.2% year on year.