Georgian businesses employ 687,900 people in Q2 2019

Georgian businesses employed about 687,900 people in the second quarter of 2019, of which 41.1 per cent were women and 58.9 per cent were men.

The number of people employed in the Georgian business sector increased by 4.8 per cent compared to the same quarter of 2018, show the latest data by the National Statistics Office of Georgia (Geostat).

The majority of people employed in the business sector worked in Georgia’s capital of Tbilisi.

The percentage of employees by regions is distributed as follows:

• Tbilisi – 64.1%
• Adjara – 9.7%
• Kvemo Kartli – 6.8%
• Imereti – 5.6%
• Samegrelo-Zemo svaneti – 3.8%

The majority of people (42.1%) worked in small businesses, 36.5% were employed in large businesses, and the remaining 21.4% worked in medium-sized businesses, GeoStat reported. 

Which sectors lead in number of employees?

In Q2 of 2019, trade (26.6%), manufacturing (12.7%) and human health and social work activities (10.3%) were the leading business sectors in terms of employees.

However, construction (10%), transportation and storage (8.1%) and accommodation and food service activities (5.6%) also had a significant share.

What is the average monthly salary in Georgia’s business sector?

The average monthly salary for a person employed in the business sector in Q2 of 2019 was about 1,241.1 GEL ($418/€382). This was an increase of 90.7 GEL ($30/€27) y/y.

Meanwhile, the average monthly salary for women in the business sector was 946.1 GEL ($318/€291), which is 73.2 GEL ($24/€22) more compared to Q2 of 2019.

Salaries differ per the size of the business.

Average monthly salaries based on the size of the business:

• Large businesses: 1,251 GEL ($421/€385) per month
• Medium-sized businesses: 1,407 GEL ($474/€433)
• Small businesses: 1,132 GEL ($381/€3489)

Business sector’s turnover and production value in Q2 of 2019

The turnover enjoyed by Georgia’s business sector is increasing, reaching 25.2 billion GEL ($8.5/€7.8 billion) in the Q2 of 2019. This was 26.6 per cent more year-on-year (y/y).

The value of production generated by the business sector also grew to reach 11.2 billion GEL ($3.8/€3.4 billion). This is 12 per cent higher y/y.

Large businesses made up the majority of total turnover (52.3%), followed by small businesses (27.2%), and then medium-sized businesses (27.2%), said Geostat.

Additionally large businesses made up 40.1% of total production value, small business generated 34.1% of total production value and medium-sized businesses made up 25.8%.