According to the Business Association of Georgia’s survey conducted in the third quarter of this year, 58% of responding companies indicate that they plan to increase their investments compared to 2023. Meanwhile, 35% expect their investment levels to remain unchanged, and 7% anticipate a decline.

This figure represents an improvement over the first quarter’s results.

Among various sectors, the trade sector exhibits the most optimism, with 63% of companies planning to boost overall investments for 2024. In addition, 58% of surveyed companies in the service and industrial sectors share similar expectations, while 57% anticipate increased investments in the construction sector.

Notably, 58% of the companies surveyed this quarter expect to increase their investments in equipment. Additionally, 59% foresee investing in software and databases, while 54% plan to allocate funds for buildings.

In total, 93% of businesses report intentions to either increase investments or maintain their current levels in 2024.

The investment research conducted under the BAG index is carried out biannually, reviewing the investment activities of BAG members and the companies within their network. This current study summarizes the investments made in 2023 and explores investment plans for 2024.

The BAG index is developed by the Business Association of Georgia in collaboration with the PMC Research Center, utilizing the methodology of the Economic Research Institute.