Business Confidence in Georgia increased to 27 Index Points in the second quarter of 2019 from 22.60 Index Points in the first quarter of 2019. Business Confidence in Georgia averaged 24.66 Index Points from 2014 until 2019, reaching an all time high of 40.40 Index Points in the third quarter of 2014 and a record low of 3.60 Index Points in the second quarter of 2015.

Business Confidence in Georgia is expected to be 27.60 Index 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 29.00 in 12 months time. In the long-term, the Georgia Business Confidence is projected to trend around 32.00 Index Points in 2020, according to our econometric models.

Georgia Business Confidence
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Georgia Business Last Previous Highest Lowest Unit
Industrial Production 9.00 7.00 35.10 -5.00 percent [+]
Manufacturing Production 5.60 6.40 41.30 -4.30 percent [+]
Changes in Inventories 311.50 506.70 512.00 -261.70 GEL Million [+]
Leading Economic Index 5.00 4.70 8.40 -0.80 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 -5.50 11.00 119.80 -66.39 percent [+]
Competitiveness Index 60.88 59.85 60.88 3.75 Points [+]
Competitiveness Rank 66.00 67.00 93.00 66.00 [+]
Business Confidence 27.00 22.60 40.40 3.60 Index Points [+]
Ease of Doing Business 6.00 9.00 24.00 6.00 [+]
Corruption Index 58.00 56.00 58.00 18.00 Points [+]
Corruption Rank 41.00 46.00 133.00 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. This page provides - Georgia Business Confidence- actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Business Confidence - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
27.00 22.60 40.40 3.60 2014 - 2019 Index Points Quarterly




Country Last Previous
Australia 4.00 Jul/19
Brazil 59.40 Aug/19
Canada 54.20 Jul/19
China 49.70 Jul/19
Euro Area -0.12 Jul/19
France 101.00 Jul/19
Germany 95.70 Jul/19
India 113.50 Jun/19
Indonesia 108.81 Jun/19
Italy 100.10 Jul/19
Japan 7.00 Jun/19
Mexico 49.50 Jul/19
Netherlands 3.90 Jul/19
Russia -1.00 Jul/19
Saudi Arabia 3.00 Jun/16
Singapore -11.00 Jun/19
South Africa 28.00 Jun/19
South Korea 73.00 Jul/19
Spain -2.80 Jul/19
Switzerland 97.10 Jul/19
Turkey 98.30 Jul/19
United Kingdom -32.00 Sep/19
United States 51.20 Jul/19


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