Indexes
BCI declines on large companies' worries. SME confidence grows – Q4 2014
15
October
2014
In the fourth quarter of 2014, the Business Confidence Index decreased and registered 24.9 on a scale of 100 points. This is down from the 40.4 recorded in the third quarter of the same year. The positive number indicates that the confidence factor among businesses is about 25 index points more positive than negative or neutral (e.g. a confidence index of 100 would have indicated that all firms in the sample reported a positive outlook. An index of zero would indicate that the weighted balance of positive and negative views reported by firms is about equal or, alternatively, that all firms reported no change in the current business situation. For more details, see the methodological notes). The reduction in the confidence index was driven by large firms in almost all sectors. At the same time, we note that SME business sentiment continues to grow.
Recent Publications
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Business Confidence Index: Business confidence rebounds at the end of the year
27
October
2025
For the fourth quarter of 2025, business confidence in Georgia increased (by 9.0 index points) and reached 7.5. The highest increase in business confidence is observed in the agriculture (21.1) and construction (18.5) sectors. The positive change in BCI for Q4 2025 was driven by optimistic expectations as well as increased past performance.
Business Confidence Index: Negative confidence persists
25
July
2025
For the third quarter of 2025, business confidence in Georgia decreased slightly (by 0.2 index points) and reached -1.5. The highest decrease in business confidence is observed in the financial (-19.5) sector. The negative change in BCI for Q3 2025 was driven by pessimistic expectations as well as slightly decreased past performance.
Business Confidence Index: Business confidence remains negative
25
April
2025
For the second quarter of 2025, business confidence in Georgia increased (by 3.6 index points) and reached -1.3. The highest increase in business confidence is observed in the manufacturing (+10.0) sector. The positive change in BCI for Q2 2025 was driven by optimistic expectations as well as slightly increased past performance.
Business Confidence Index: (No) business confidence
24
January
2025
For the first quarter of 2025, business confidence in Georgia decreased (by 8.8 index points) and reached -5.0. The highest decrease in business confidence is observed in the service (-21.5) sector. The negative change in BCI for Q1 2025 was driven by decreased past performance as well as pessimistic expectations.
Business Confidence Index: Pessimistic private sector
25
October
2024
For the fourth quarter of 2024, business confidence in Georgia decreased (by 9.7 index points) and reached 3.8. The highest decrease in business confidence is observed in the finance (-22.1) sector. The negative change in BCI for Q4 2024 was driven by decreased past performance as well as less optimistic expectations.
