Business Confidence in Georgia decreased to 29.90 Index Points in the fourth quarter of 2018 from 35.40 Index Points in the third quarter of 2018. Business Confidence in Georgia averaged 24.65 Index Points from 2014 until 2018, 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 22.50 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 7.00 3.50 35.10 -5.00 percent [+]
Manufacturing Production 6.40 0.40 41.30 -4.30 percent [+]
Changes in Inventories 506.70 259.60 512.00 -261.70 GEL Million [+]
Leading Economic Index 6.00 4.60 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 11.00 5.30 119.80 -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 29.90 35.40 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
29.90 35.40 40.40 3.60 2014 - 2018 Index Points Quarterly




Country Last Previous
Australia 0.00 Apr/19
Brazil 56.50 May/19
Canada 55.90 Apr/19
China 50.10 Apr/19
Euro Area 0.42 Apr/19
France 104.00 May/19
Germany 97.90 May/19
India 113.50 Jun/19
Indonesia 102.10 Mar/19
Italy 100.60 Apr/19
Japan 12.00 Mar/19
Mexico 53.00 Apr/19
Netherlands 6.70 Apr/19
Russia -2.00 Apr/19
Saudi Arabia 3.00 Jun/16
Singapore 1.00 Mar/19
South Africa 28.00 Mar/19
South Korea 75.00 Apr/19
Spain -3.80 Apr/19
Switzerland 96.20 Apr/19
Turkey 98.90 May/19
United Kingdom -13.00 Jun/19
United States 52.80 Apr/19


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