Georgia Business & Employment Growth Since 2009

  • 8,910 more businesses
  • 633,614 more employees
  • 16.7% increase in total wages
  • $10,641 increase in annual wages per employee
  • 24.8% increase in wages per employee

Since 2009, the number of businesses in Georgia has grown by 3.3% (8.1% less than the national average of 11.4%). Employment in Georgia has grown by 16.7% (3.1% greater than the national average of 13.6%). Wages have grown by 24.8% since the end of the Great Recession. This wage growth is 0.8% less than the national average of 25.7%.
The average weekly wage in Georgia of $1,030 is 6.9% below the national average of $1,101. The gap between the national average has widened from 6.2% a widening of 0.7% since the end of the recession.

Sector Growth

Business Sector Growth

The Professional services sector has the most businesses in the state of Georgia. Since the end of the recession, the number of businesses has grown from 34,005 to 36,471, a gain of 7.3%. The table below illustrates the change in number of businesses in each sector.
Sector20182009Pct Chg
Professional services36,47134,0057.3%
Retail trade32,34833,825-4.4%
Healthcare25,60120,91122.4%
Wholesale trade20,94523,462-10.7%
Accommodation and food services20,62818,46011.7%
Construction20,51824,887-17.6%
Other services17,99619,404-7.3%
Waste services16,61916,781-1.0%
Finance and insurance14,54715,546-6.4%
Real estate and rental11,61611,718-0.9%
Manufacturing9,88510,010-1.2%
Transport and warehousing7,1316,9003.3%
Information5,1034,6998.6%
Arts and entertainment3,5862,92622.6%
Educational services3,3012,70622.0%
Agriculture and forestry2,3982,3671.3%
Company management1,5131,4295.9%
Utilities452453-0.2%
Mining and oil extraction2292270.9%

The sector that has had the strongest growth [in number of businesses] is the Unclassified sector, which has increased by 0.0% since 2009. The sector that has has the largest decline is the Construction sector, which has declined by 17.6% since the recession.

Employment Sector Growth

The Retail trade sector has the most employees in the state of Georgia. Since the end of the recession, the number of employees has grown from 437,424 to 493,638, a gain of 12.9%. The table below illustrates the change in number of employees in each sector.
Sector20182009Pct Chg
Retail trade493,638437,42412.9%
Healthcare487,425388,60425.4%
Accommodation and food services433,876338,03128.4%
Manufacturing406,877358,06513.6%
Waste services338,257244,29638.5%
Professional services275,876217,33326.9%
Wholesale trade214,662199,2247.7%
Transport and warehousing206,677153,37534.8%
Construction195,141166,13717.5%
Finance and insurance168,906150,84512.0%
Information113,943104,9468.6%
Other services108,55394,57614.8%
Educational services74,72859,74225.1%
Company management73,42352,78639.1%
Real estate and rental68,90257,53019.8%
Arts and entertainment53,69040,60332.2%
Agriculture and forestry24,18323,7841.7%
Utilities19,04020,391-6.6%
Mining and oil extraction5,2245,0024.4%

The sector that has had the strongest employment growth [in number of employees] is the Healthcare sector, which has increased by 25.4% since 2009. The sector that has has the largest employment decline in number of employees is the Utilities sector, which has declined by 6.6% since the recession.

Weekly Wage Growth By Sector

The Company management sector has the highest average weekly wage in the state of Georgia. Since the end of the recession, the average wage has grown from $1,578 to $2,284, a gain of 44.7%. The table below illustrates the change in weekly wage in each sector.
Sector20182009Pct Chg
Company management$2,284$1,57844.7%
Utilities$1,936$1,50129.0%
Information$1,862$1,38234.7%
Finance and insurance$1,813$1,30239.2%
Professional services$1,677$1,33225.9%
Wholesale trade$1,475$1,23019.9%
Mining and oil extraction$1,345$1,00334.1%
Construction$1,174$86635.6%
Real estate and rental$1,172$84438.9%
Transport and warehousing$1,152$87931.1%
Manufacturing$1,140$90725.7%
Educational services$1,036$86120.3%
Healthcare$1,000$83320.0%
Waste services$755$62620.6%
Other services$700$57122.6%
Agriculture and forestry$692$51634.1%
Arts and entertainment$674$59313.7%
Retail trade$598$49221.5%
Accommodation and food services$362$30419.1%

The sector that has had the strongest wage growth is the Unclassified sector, which has increased by 0.0% since 2009. The sector that has has the smallest wage growth is the Accommodation and food services sector, which has declined by 19.1% since the recession.


Industry Growth

Business Industry Growth

The Unclassified industry has the greatest number of businesses in the state of Georgia. Since the end of the recession, the number of businesses has grown from 10,383 to 20,023, a gain of 92.8%. The table below illustrates the change in the number of businesses in the top industries.

Industry20182009Pct Chg
Unclassified20,02310,38392.8%
Wholesale trade agents and brokers10,02612,063-16.9%
Computer systems design and related services8,9327,68016.3%
Offices of physicians7,1156,7215.9%
Management consulting services6,5465,65015.9%
Offices of lawyers5,7875,4366.5%

The top industry that has had the largest increase in the number of businesses is the Unclassified industry, which has increased by 92.8% since 2009. The top industry that has has the largest decline in the number of businesses is the Wholesale trade agents and brokers industry, which has declined by 16.9% since the recession.

Employment Industry Growth

The Restaurants and other eating places industry has the greatest number of employees in the state of Georgia. This industry currently has 362,693 employees in it. There is no direct comparison back to the total at the end of the recession and is not included in the table below.

Industry20182009Pct Chg
General medical and surgical hospitals147,127123,51219.1%
Temporary help services125,16274,50468.0%
Offices of physicians90,56669,67530.0%
Supermarkets and other grocery stores79,92969,16115.6%
Management of companies and enterprises73,42352,78639.1%

The top industry that has had the largest increase in the number of employees is the Temporary help services industry, which has increased by 68.0% since 2009. The top industry that has has the largest decline in the number of employees is the Supermarkets and other grocery stores industry, which has declined by 15.6% since the recession.

Weekly Wage Growth By Industry

The Investment banking and securities dealing industry has the highest average weekly wage in the state of Georgia. Since the end of the recession, the average wage has grown from $3,021 to $5,368, a gain of 77.7%. The table below illustrates the change in weekly wage in each sector.
Industry20182009Pct Chg
Investment banking and securities dealing$5,368$3,02177.7%
Other financial vehicles$3,742$1,307186.3%
All other financial investment activities$3,601$2,43647.8%
Securities brokerage$3,518$2,44244.1%
Portfolio management$3,424$2,54134.8%
Spectator sports$3,230$2,92010.6%
Investment advice$3,057$2,38728.1%

The top industry that has had the strongest wage growth is the Other financial vehicles industry, which has increased by 186.3% since 2009. The top industry that has has the largest wage decline is the Spectator sports industry, which has declined by 10.6% since the recession.


Company Size

Business Growth By Company Size

The biggest percentage change in the number of businesses has been in businesses with 500 to 999 employees. The number of businesses with this number of employees has grown from 282 to 382, which is an increase of 35.5%.

The smallest percentage change in the number of businesses has been in businesses with fewer than 5 employees. The number of businesses with this number of employees has grown from 163,741 to 167,992, which is an increase of 2.6%.

Table: Change in the number of Businesses by Size of Business, since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees167,992163,7412.6%
5-9 Employees41,00737,9008.2%
10-19 Employees28,99626,23410.5%
20-49 Employees21,75217,63123.4%
50-99 Employees7,2776,09619.4%
100-249 Employees4,4193,46827.4%
250-499 Employees1,13183934.8%
500-999 Employees38228235.5%
More Than 1,000 Employees17713828.3%


Employment Growth by Company Size

The biggest percentage change in the number of employees has been in businesses with 500 to 999 employees. The number of employees in companies this size has grown from 187,816 to 263,620, which is an increase of 40.4%.

The smallest percentage change in the number of employees has been in businesses with fewer than 5 employees. The number of employees with this number of employees has grown from 223,014 to 241,677, which is an increase of 8.4%.

Table: Change in the number of Employees by Size of Business, since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees241,677223,0148.4%
5-9 Employees270,926248,8548.9%
10-19 Employees388,650352,23610.3%
20-49 Employees648,931524,55523.7%
50-99 Employees495,053414,41619.5%
100-249 Employees655,600505,82729.6%
250-499 Employees377,912281,76634.1%
500-999 Employees263,620187,81640.4%
More Than 1,000 Employees385,072289,62533.0%


Weekly Wage Growth by Company Size

The biggest percentage change in the average weekly wage has been in businesses with 1,000 or more employees. The average weekly wage in companies this size has grown from $1,202 to $1,775, which is an increase of 47.7%.

The smallest percentage change in the average weekly wage has been in businesses with 20 to 49 employees. The average weekly wage in companies this size has grown from $721 to $884, which is an increase of 22.6%.

Table: Change Average Weekly Wage by Size Since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees$1,098$81634.6%
5-9 Employees$898$69529.2%
10-19 Employees$897$69129.8%
20-49 Employees$884$72122.6%
50-99 Employees$1,016$79827.3%
100-249 Employees$1,082$86824.7%
250-499 Employees$1,349$99136.1%
500-999 Employees$1,324$1,07523.2%
More Than 1,000 Employees$1,775$1,20247.7%



Data Sources




About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.