Indexes
Business Confidence Index: BCI is at all time low, and points to growing pessimism among entrepreneurs – Q2 2015
15
April
2015
After being steadily optimistic for most of 2014 and in the first quarter of 2015, Georgia’s business confidence dropped by 24.5 points to an all-time low level of 3.6 on a scale of [-100; 100] points. The survey, which included 168 firms, suggests that business confidence declined on all measures, across all sectors, and for all firm sizes. Moreover, it is reflected in business perceptions concerning both current performance and expectations concerning the future.
The sharp decline in business confidence appears to be related to the recent depreciation of the Georgian lari and the political wrangling that followed. The drop in business confidence comes after seven months during which Georgian consumer confidence has been steadily declining, affecting consumer demand and sales.
While the retail sector was the first one to be affected by the slump in demand, second-quarter data suggest that the Georgian financial sector is also starting to feel the heat. Financial sector confidence dropped by a record 50.8 points (from 50.9 index points in the first quarter of 2015 to merely 0.1 points in the second quarter)!
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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.
