Some 68% of member companies of the Georgian Business Association (BAG) expect their total investment to increase in 2026 compared with 2025, according to the BAG Index report for the third quarter of 2026. The report was prepared in cooperation with the PMC Research Center and Germany’s ifo Institute for Economic Research.
Investment expectations improved slightly compared with the first quarter, when 65% of surveyed companies anticipated an increase. The latest survey found that 27% expect investment to remain unchanged in 2026, while just 4% forecast a decline.
By sector, construction companies are the most optimistic, with 77% planning to increase total investment - up by 17 percentage points from the first quarter. Expectations are also positive in services, where 68% anticipate growth, followed by trade at 66% and industry at 63%.
Businesses are primarily planning to invest in software and databases (62%) and equipment (61%). Meanwhile, 56% of respondents expect to increase investment in buildings and structures.
The report also reviewed investment trends in 2025. Compared with 2024, total investment increased at 64% of surveyed companies, remained unchanged at 34%, and declined at 2%. The strongest growth was recorded in machinery and equipment, where 70% of companies reported increased investment.
The BAG Index is published quarterly and is based on surveys of senior managers at association member companies and businesses within their groups. The third-quarter 2026 survey was conducted from September 1 to 16.
