Indexes
Business Confidence Index: full speed ahead to economic recovery
07
July
2021
For the third quarter of 2021, business confidence in Georgia improved significantly (by 34.7 index points) and reached 36.4. The increase in business confidence is observed in all sectors and is driven by optimistic future expectations and improved past performance in light of economic recovery and relaxed pandemic restrictions.
The Past Performance Index, which considers the business sector's assessment of their own economic performance in the previous quarter, increased by 50.7 points compared to Q2 2021 and reached 46.6 in Q3 2021 with the agricultural sector showing the greatest improvement in past performance.
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Expectations Index, which reflects business optimism, sharply improved after a slight decrease in Q2 2021, amounting to 45.2 index points. Expectations for Q3 2021 remained the same for the financial sector and increased for all other sectors.
The Sales Price Expectations Index increased by 1.2 index points and reached 18.4 points, indicating a slight increase in the share of businesses that anticipate charging higher prices on their products. The increase in Sales Price Expectations Index is driven solely by the manufacturing sector.
Limited access to financing and a lack of demand continues to be one of the key obstacles for both large companies and SMEs. Also, the lack of qualified labor became an important problem for large companies for Q3 2021.
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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.
