Business confidence in Georgia decreased by 18.7 points to an all-time low of -28.6 in the fourth quarter of 2020 from -9.9 in the previous period. Business confidence deteriorated significantly across all sectors, except retail trade and financial. The largest decline was observed in the construction sector. The decrease in BCI was driven by significantly pessimistic future expectations. source: The ISET Policy Institute

Business Confidence in Georgia averaged 21.85 points from 2014 until 2020, reaching an all time high of 40.40 points in the third quarter of 2014 and a record low of -27.20 points in the second quarter of 2020. This page provides - Georgia Business Confidence- actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Business Confidence - values, historical data and charts - was last updated on January of 2021.

Business Confidence in Georgia is expected to be -16.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Georgia to stand at -8.00 in 12 months time. In the long-term, the Georgia Business Confidence is projected to trend around -4.00 points in 2021 and 1.00 points in 2022, according to our econometric models.

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Georgia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-28.60 -9.90 40.40 -28.60 2014 - 2020 points Quarterly

Georgia Business Last Previous Highest Lowest Unit
Industrial Production 2.10 -5.30 35.10 -5.30 percent [+]
Manufacturing Production -5.34 8.41 41.30 -5.34 percent [+]
Changes in Inventories 64.80 344.70 637.60 -261.70 GEL Million [+]
Leading Economic Index -7.70 -3.90 8.40 -16.60 percent [+]
Internet Speed 8774.17 8242.93 8774.17 535.00 KBps [+]
IP Addresses 508938.00 489558.00 527752.00 40728.00 IP [+]
Mining Production 8.30 -3.50 119.80 -66.39 percent [+]
Ease of Doing Business 7.00 6.00 24.00 6.00 [+]
Competitiveness Index 60.61 60.88 60.88 3.75 Points [+]
Competitiveness Rank 74.00 66.00 93.00 66.00 [+]
Business Confidence -28.60 -9.90 40.40 -28.60 points [+]
Corruption Index 56.00 58.00 58.00 18.00 Points [+]
Corruption Rank 44.00 41.00 133.00 41.00 [+]


Georgia Business Confidence
Business confidence for Georgia is measured by seven sector-specific indices focusing on services, retail trade, agriculture, manufacturing industry, financial service, construction and other sectors. The indicator is calculated as a weighted average of the balances induced from all the answers about production, sales, turnover, competition, order books, volume of stock, demand evaluation, operation costs, profit, employment, and sales price setting. Using this method, a confidence index of +100 would indicate that all survey respondents were much more confident about future prospects, while -100 would indicate that all survey respondents were much less confident about future prospects.