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Volume of business sector turnover down in Georgia

Business Materials 3 September 2020 16:00 (UTC +04:00)
Volume of business sector turnover down in Georgia

BAKU, Azerbaijan, Sept.3

By Tamilla Mammadova – Trend:

In the second quarter of 2020, compared to the same quarter of the previous year the volume of business sector turnover decreased by 11.5 percent and amounted to 22.3 billion laris ($7.2 billion) in Georgia, Trend reports citing the National Statistics Office of Georgia (Geostat).

The production value of the business sector is characterized by a downward trend.

In the second quarter of 2020, its volume equaled to 9.2 billion laris ($3 billion), which is 18.3 percent less year-on-year.

In the reporting period, 58.8 percent of total turnover comes on large and 17.8 percent – on medium businesses while 23.4 percent is distributed to small businesses.

A small difference is in the case of total production value: 43.7 percent comes on large, 25.7 percent – on medium and 30.6 percent on small businesses.

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