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Georgia Business Confidence

Georgia's business confidence fell to -1.5 points in Q3 2025 from -1.3 points in Q2 2025. This represents a 15.4% decrease. Year-on-year, business confidence changed by 111% in September 2025 compared to Q3 2024, when it was 13.6 points. The decline stems from pessimistic outlooks and weaker past performance in financial services, trade and agriculture despite a manufacturing rebound. Political instability, workforce shortages and currency volatility contribute to the downturn. Small and medium-sized enterprises face challenges from weak demand and limited financing. Georgia's record low business confidence was -28.6 points in Q4 2020 and record high was 39.6 points in Q2 2018.

Quarterly Historical Data (2015-2025)

(in points)
Quarter Business Confidence (points)
Q3 2025 -1.5
Q2 2025 -1.3
Q1 2025 -5
Q4 2024 3.8
Q3 2024 13.6
Q2 2024 16.4
Q1 2024 17.7
Q4 2023 18.1
Q3 2023 15.7
Q2 2023 26.4
Q1 2023 20.1
Q4 2022 11.7
Q3 2022 17.7
Q2 2022 15.1
Q1 2022 17.3
Q4 2021 30.6
Q3 2021 36.4
Q2 2021 1.7
Q1 2021 3.4
Q4 2020 -28.6
Q3 2020 -9.9
Q2 2020 -27.2
Q1 2020 25.8
Q4 2019 18.5
Q3 2019 8.3
Q2 2019 27
Q1 2019 22.6
Q4 2018 29.9
Q3 2018 35.4
Q2 2018 39.6
Q1 2018 31.4
Q4 2017 28.2
Q3 2017 27
Q2 2017 29
Q1 2017 17.5
Q4 2016 17.6
Q3 2016 25
Q2 2016 26.4
Q1 2016 14
Q4 2015 11.9
Georgia Business Confidence : Definition
Georgia business confidence gauges Georgian firms outlook on the economy. It is calculated from surveys asking businesses about their current situation and future expectations for sales, production and employment. The index shows the net percentage of firms reporting positive versus negative assessments.