Indexes
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.
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The Past Performance Index, which considers the business sector's assessment of their own economic performance in the previous quarter, decreases significantly by 22.4 points compared to Q4 2024 and reached -18.6 for Q1 2025, with the agriculture (-50.0) and service (-30.8) sectors showing the biggest deterioration.
Expectations Index, which reflects business optimism, decreased and settled at -9.9 index points. Expectations for Q1 2025 worsened significantly for agriculture (-50.0) and service (-31.0) sectors.
The Sales Price Expectations Index increased by 6.9 index points and settled at 20.0, indicating increase in the share of businesses that anticipate charging higher prices on their products over the next three months.
For Q1 2025, lack of qualified labor force continues to be the most significant limiting factor for large companies. "other" factors comes in second as a hindrance for these large companies. As for SMEs, lack of demand and qualified labor force are the most important obstacles.
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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.
Business Confidence Index: Downturn in confidence continues
19
July
2024
For the third quarter of 2024, business confidence in Georgia decreased (by 2.8 index points) and reached 13.6. The highest decrease in business confidence is observed in the construction (-12.5) sector. The negative change in BCI for Q3 2024 was driven by less optimistic expectations.
Business Confidence Index: Downturn in confidence continues
30
April
2024
For the second quarter of 2024, business confidence in Georgia decreased slightly (by 1.3 index points) and reached 16.4. The highest decrease in business confidence is observed in the trade (-7.4) sector. The negative change in BCI for Q2 2024 was driven by decreased past performance as well as less optimistic expectations.
Business Confidence Index: Slight downturn in confidence
19
February
2024
For the first quarter of 2024, business confidence in Georgia decreased slightly (by 0.4 index points) and reached 17.7. The highest decrease in business confidence is observed in the trade (-15.1) sector. The negative change in BCI for Q1 2024 was driven by decreased past performance as well as less optimistic expectations.
Business Confidence Index: Back on track?
23
October
2023
For the fourth quarter of 2023, business confidence in Georgia increased (by 2.4 index points) and reached 18.1. The highest increase in business confidence is observed in the trade (+21.7) sector. The positive change in BCI for Q4 2023 was driven by improved past performance as well as more optimistic expectations.
