Indexes
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.
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The Past Performance Index, which considers the business sector's assessment of their own economic performance in the previous quarter, decreased by 0.7 points compared to Q2 2025 and reached -16.8 for Q3 2025, with the agriculture (-22.5) and trade (-20.7) sectors showing the biggest deterioration.
Expectations Index, which reflects business optimism, decreased and reached 2.0 index points. Expectations for Q3 2025 decreased significantly for financial (-47.5) and construction (-32.5) sectors.
The Sales Price Expectations Index increased by 11.3 index points and reached 22.0, indicating an increase in the share of businesses that anticipate charging higher prices on their products over the next three months.
For Q3 2025, lack of demand and qualified labor force are the most significant limiting factors for large companies, along with "other" unspecified
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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: 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.
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.
