Indexes
Business Confidence Index: recovery (continued)
01
November
2021
For the 4th quarter of 2021, business confidence in Georgia decreased slightly (by 5.8 index points) and reached 30.6. The highest decrease in business confidence is observed in construction (-21.0), service (-15.3), and agriculture (-8.8) sectors. A negative change in BCI for Q4 2021 was driven by worsened future expectations and past performance.
The Past Performance Index, which considers the business sector's assessment of their own economic performance in the previous quarter, decreased by 17.9 points compared to Q3 2021 and reached 28.7 for Q4 2021, with agriculture (-34.9), and service (-30.2) sectors showing the greatest deterioration.
Loading...
Expectations Index, which reflects business optimism, decreased after a sharp increase in Q3 2021, amounting to 32.3 index points. Expectations for Q4 2021 decreased for all sectors, except for retail trade and the financial sector.
The Sales Price Expectations Index increased drastically by 25.7 index points and reached 44.1, indicating an increase in the share of businesses that anticipate charging higher prices on their products. The Sales Price Expectations Index has increased for all sectors.
Limited access to financing and a lack of demand continues to be one of the key obstacles for both large companies and SMEs. In addition, lack of qualified labour is an important problem for large companies for Q4 2021.
Recent Publications
View All
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.
