Indexes
Business Confidence Index: Kvirikashvili effect – Q1 2016
16
March
2016
The Georgian Business Confidence Index (BCI) has gained 3 points (on a [-100/100 scale])1 due to the strengthening of business expectations.
All of a sudden, the expectations of the private sector in Georgia improved and reached 38 index points. This is an improvement from 16 points in the fourth quarter of 2015. Since there is no particular rationale to explain this sharp advance in expectations, the new approach of reforming the investment environment of the new Prime Minister can inform this optimism. Kvirikashvili prioritized business environment problems. The proposition of the pro-private sector solutions could be a reason for such improvement. The Estonian corporate tax system, abolishment of VAT on imported capital goods, simplified tax administration, and resolving insolvency are some of the reforms that are being actively discussed in a quick manner after Kvirikashvili became PM.
On the other hand, the performances of businesses in the past three months remained at a very low level and turned negative, indicating stagnation in production/turnover/sales. This poor performance of the past three months partially offset the improved expectations and the overall BCI increased very slightly, maintaining stability at a low-optimistic level.
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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.
Business Confidence Index: Turning point?
31
July
2023
For the third quarter of 2023, business confidence in Georgia decreased (by 10.7 index points) and reached 15.7. The highest business confidence is observed in the financial (26.4) sector. The negative change in BCI for Q3 2023 was driven by worsened past performance as well as less optimistic expectations.
Business Confidence Index: New year, new expectations
23
January
2023
For the first quarter of 2023, business confidence in Georgia increased (by 8.4 index points) and reached 20.1. The highest business confidence is observed in the financial (35.6) sector.
Business Confidence Index: summer edition
28
July
2022
For the third quarter of 2022, business confidence in Georgia increased (by 2.6 index points) and reached 17.7. The highest increase in business confidence is observed in the construction (+13.8) sector. The positive change in BCI for Q3 2022 was driven by significantly improved past performance.
