ECONOMY

Geostat: The average number of employees in the business sector in the third quarter amounted to 645.6 thousand, which is 7.2% less than last year

04.12.20 13:05


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

 

According to Geostat, the turnover of the business sector in the third quarter of 2020 increased by 0.6 percent compared to the same period last year and amounted to 29.2 billion GEL. At the same time, the output of the business sector is characterized by a downward trend. In the third quarter of 2020, its volume was estimated at 11.6 billion GEL, which is 8.8 percent less than the same period last year.

 

As for the employees in the business sector, 40.5 percent of the total number of employees come from large businesses, 22.7 percent from medium-sized businesses, and the remaining 36.8 percent from small businesses. At the same time, the total costs of enterprises on staff were set at GEL 2,4377.8 million (7.4 percent less than in the same period last year). In the third quarter of 2020, the average monthly salary in the business sector amounted to 1 305.9 GEL and decreased by 10.3 GEL compared to the same period last year.

 

 

source: IPN 

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