Business Confidence in Georgia decreased to 3.80 points in the fourth quarter of 2024 from 13.60 points in the third quarter of 2024. Business Confidence in Georgia averaged 18.07 points from 2014 until 2024, 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. source: The ISET Policy Institute
Business Confidence in Georgia is expected to be 15.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
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 |
|
|
3.80 |
13.60 |
40.40 |
-28.60 |
2014 - 2024 |
points |
Quarterly |
|