Indexes
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. The positive change in BCI for Q1 2023 was driven by improved past performance and expectations.
The Past Performance Index, which considers the business sector's assessment of their own economic performance in the previous quarter, increased by 4.3 points compared to Q4 2022 and reached 14.7 for Q1 2023, with the manufacturing (37.6) sector showing the highest past performance.
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The Expectations Index, which reflects business optimism, increased significantly, amounting to 34.9 index points. Expectations for Q1 2023 were highest in the manufacturing sector (62.5).
The Sales Price Expectations Index decreased by 5.6 index points and settled at 22.3, indicating a decrease in the share of businesses that anticipate charging higher prices on their products over the next three months.
For Q1 2023 lack of a qualified labor force and limited access to financing are the most significant obstacles for large companies. Meanwhile, limited access to financing and lack of demand are indicated as major constraints by SMEs.
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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.
