In the third quarter of 2024, the turnover of the business sector experienced a notable increase of 14% compared to the previous year, reaching a total of 58.8 billion GEL. This growth reflects the expanding scale of commercial activities within the sector. Concurrently, the production output of the business sector also demonstrated a positive trend, with a reported volume of 23.1 billion GEL in the third quarter of 2024, marking a 16.3% increase relative to the same period in the previous year.

The turnover distribution within the business sector reveals a significant concentration of activity among larger enterprises. Specifically, large businesses accounted for 66% of the sector's turnover, while medium-sized and small businesses contributed 15% and 18%, respectively. In contrast, the release of products showed a more balanced distribution: large businesses contributed 45.6%, medium-sized businesses accounted for 24%, and small businesses made up 30% of total product releases.

Regarding employment, the average number of employees in the business sector grew by 4% to reach 788.4 thousand. Large businesses employed 43% of the total workforce, medium-sized businesses employed 20.4%, and small businesses employed 37%. The overall number of employees in the sector saw an increase of 3% compared to the previous year, rising from 743.2 thousand to the aforementioned 788.4 thousand.

In terms of compensation, the average monthly salary in the business sector in the third quarter of 2024 was 2,190.1 GEL, reflecting a year-on-year increase of 182.9 GEL. Analyzing the salary distribution by business size, the following averages were recorded: 2,233.9 GEL for large businesses, 2,565 GEL for medium-sized businesses, and 1,885.8 GEL for small businesses.

The turnover structure of the business sector is predominantly driven by the trade sector, which, including automobile and motorcycle repairs, accounts for 34% of total turnover. This is followed by the arts, entertainment, and recreation sector, which contributes 33.6%, the manufacturing industry at 8.2%, construction at 7%, and transportation and warehousing at 4.8%. 

Employment data from the third quarter of 2024 further highlight the dominance of trade (including wholesale and retail trade, as well as automobile and motorcycle repair), the processing industry, and health and social service activities within the business sector.