Business Confidence in Georgia decreased to 8.30 Index Points in the third quarter of 2019 from 27 Index Points in the second quarter of 2019. Georgia Business Confidence - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Business Confidence in Georgia averaged 23.95 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. This page provides - Georgia Business Confidence- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Business Confidence in Georgia is expected to be 29.00 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 32.00 in 12 months time. In the long-term, the Georgia Business Confidence is projected to trend around 32.00 points in 2021, according to our econometric models.

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Georgia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
8.30 27.00 40.40 3.60 2014 - 2019 points Quarterly

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.