The volume of business sector turnover increased by 33.0 percent, amounting to GEL 29.0 billion in the Q3, 2019, the Georgian National Statistics Office (Geostat) said on Wednesday.

Geostat said, the production value of the business sector is characterized by the growth tendency. In the III quarter of 2019, its volume equaled to GEL 12.8 billion, which is 19.8 percent higher y/y.

In the III quarter of 2019, 51.9 percent of total turnover comes on large and 19.9 percent – on medium businesses while 28.2 percent is distributed to small business.

A small difference is in case of total production value: 38.2 percent comes on large, 23.7 percent – on medium and 38.1 percent on small businesses.

Total purchases of goods and services carried out by enterprises equaled GEL 18.3 billion (23.0 percent higher y/y), while the purchase goods and services for resale amounted to GEL 10.4 billion (13.9 percent higher y/y).

The trade sector (including repair of motor vehicles and motorcycles) has the highest share (38.5 percent) in the total turnover in business sector, followed by arts, entertainment and recreation with 24.1 percent share, manufacturing – 9.5 percent, construction – 8.8 percent, transportation and storage – 5.6 percent, electricity, gas, steam and air conditioning supply – 2.5 percent and other sectors with 11.1 percent share.

In the III quarter of 2019, manufacturing (21.5 percent), construction (20.8 percent),trade (16.9 percent)and transportation and storage (9.2 percent) are on the top four places in business sector production value. Rest of sectors have the 31.6 percent share.

source: IPN