Indexes
Business Confidence Index: Business confidence ticks up marginally
For the first quarter of 2026, business confidence in Georgia increased slightly (by 1.7 index points) and reached 9.2. The highest increase in business confidence is observed in the financial (7.3) and agriculture (6.9) sectors.
The Past Performance Index, which considers the business sector's assessment of their own economic performance in the previous quarter, increased slightly by 1.7 points compared to Q4 2025 and reached 4.5 for Q1 2026, with the trade (13.0) sector showing the biggest improvement.
Expectations Index, which reflects business optimism, increased insignificantly and amounted to 14.9 index points. Expectations for Q1 2026 increased significantly for agriculture (28.6) sector. The Sales Price Expectations Index also increased insignificantly by 0.1 index points and amounted to 19.1, indicating almost no change in the share of businesses that anticipate charging higher prices on their products over the next three months.
For Q1 2026, qualified labor force and "other" factors are the most significant limiting factors for large companies. As for SMEs, access to finance and lack of demand continue to be the most important challenges.
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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.
