Consumer confidence in Georgia rose by 8.1 points to -40.2 in May of 2020 from a record low of -48.3 in the previous month. Consumers are positive about the general economic situation and their ability to save, for the next twelve months. Still, consumers remain concerned about their financial prospects and the general economic situation at present.

Consumer Confidence in Georgia averaged -19.83 points from 2012 until 2020, reaching an all time high of -1.40 points in November of 2013 and a record low of -48.30 points in April of 2020. This page provides the latest reported value for - Georgia Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Georgia Consumer Confidence - values, historical data and charts - was last updated on July of 2020.

Consumer Confidence in Georgia is expected to be -25.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Georgia to stand at -20.50 in 12 months time. In the long-term, the Georgia Consumer Confidence is projected to trend around -19.00 points in 2021 and -17.00 points in 2022, according to our econometric models.

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Georgia Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-40.20 -48.30 -1.40 -48.30 2012 - 2020 points Monthly

Georgia Consumer Last Previous Highest Lowest Unit
Retail Sales YoY 13.50 15.30 82.50 -21.90 percent [+]
Consumer Spending 8387.60 10267.00 10267.00 970.40 GEL Million [+]
Consumer Confidence -40.20 -48.30 -1.40 -48.30 points [+]


Georgia Consumer Confidence
In Georgia, consumer confidence measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. The index is based on the randomly selected sample of 300-350 individuals which are asked to evaluate the past, current and future financial situation of their families and the country as a whole. A month-to-month diminishing trend in consumer confidence suggests that in the current state of the economy most consumers have a negative outlook on their ability to find and retain good jobs. .