According to the National Statistics Service (GeoStat), the business sector’s turnover in Georgia increased by 11.6% in 2024 compared to the previous year, reaching GEL 228.5 billion.

The data also shows an upward trend in the sector’s output, which amounted to GEL 90.5 billion, 16.3% higher than in 2023.

In 2024, large businesses accounted for 67.7% of total turnover, with medium-sized and small businesses contributing 15.8% and 16.5%, respectively. However, in the total output, large enterprises represented 46.8%, medium-sized 25.5%, and small businesses 27.7%.

The GeoStat report highlights that total enterprise purchases of goods and services reached GEL 114.9 billion, 5.4% more than in 2023, while purchases for resale were GEL 71.4 billion, a slight increase of 0.2%.

The average workforce in the sector stood at 866,200 employees in 2024, a 5.2% rise from the previous year. Women comprised 43.2% of the workforce, men 56.8%. Employees in large businesses made up 39.4%, medium-sized businesses 20.3%, and small businesses 40.3%.

During the year, total employment across the economy reached 801,600, up 3.9% from 2023, with total personnel costs amounting to GEL 19.9 billion, a 15.3% increase.

The average monthly salary in the sector was GEL 2,024.4, up by GEL 197.2 from 2023. Female employees earned an average of GEL 1,601.4 per month, a rise of GEL 156.2. Salaries varied by enterprise size: large businesses averaged GEL 2,297.4, medium-sized businesses GEL 2,443.8, and small businesses GEL 1,437.5.

Geostat’s analysis reveals that in 2024, the trade sector held the largest share of turnover at 34.4%, followed closely by arts, entertainment, and recreation at 33.5%. Manufacturing contributed 7.9%, construction 6.6%, transport and warehousing 4.6%, with other sectors comprising 12.9%.

In terms of output, manufacturing led with 18.9%, followed by construction at 18.7%, trade at 18.5%, and transport and storage at 9.2%. The remaining sectors accounted for 34.7%.

The sectors employing the most workers were trade (29.0%), manufacturing (11.3%), and health and social services (9.3%). Transport and storage held an 8.6% share, construction 8.0%, information and communication 5.9%, and accommodation and food services 5.3%.