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Mariam Katsadze
Ana Burduli
Giorgi Papava

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Business Confidence Index
ISET Policy Institute, working in partnership with BIA (Business Information Agency) and International Chamber of Commerce in Georgia (ICC), started to implement the Business Confidence Survey from December 2013 and will publish the Business Confidence Index (BCI) on quarterly bases. Business confid
ence for Georgia is measured by seven sector-specific indices focusing on services, retail trade, agriculture, manufacturing industry, financial service, construction and other sectors. For each sector, confidence is measured through a simple survey instrument targeted at top business executives.
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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.
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