Business Confidence in Georgia increased to 17.70 points in the third quarter of 2022 from 15.10 points in the second quarter of 2022. source: The ISET Policy Institute

Business Confidence in Georgia averaged 18.62 points from 2014 until 2022, reaching an all time high of 40.40 points in the third quarter of 2014 and a record low of -28.60 points in the fourth 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 2023.

Business Confidence in Georgia is expected to be 20.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Business Confidence is projected to trend around 22.00 points in 2023 and 20.00 points in 2024, according to our econometric models.

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Georgia Business Confidence



Related Last Previous Unit Reference
Business Confidence 17.70 15.10 points Sep 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
17.70 15.10 40.40 -28.60 2014 - 2022 points Quarterly